Arizona Doubles Income Tax for Higher Earners

Proposition 208 aims to nearly double the income tax rate for individuals earning over $250,000 and couples earning over $500,000, reversing years of tax reductions for top earners. The additional revenue will support the education budget. In contrast, Illinois voters rejected a similar tax increase, while Colorado chose a slight tax cut.

What is the main change proposed by Proposition 208?

• A decrease in income tax for all earners

• An increase in income tax for high earners

• A reduction in corporate tax rates

• A new tax on luxury goods

What is the intended use of the additional revenue from Proposition 208?

• To fund healthcare initiatives

• To reduce national debt

• To support the education budget

• To build new infrastructure

How did Illinois voters respond to a similar tax proposal?

• They modified it

• They rejected it

• They approved it

• They postponed the decision

What tax decision did Colorado make?

• Implemented a significant tax increase

• Increased sales tax

• Opted for a slight tax cut

• Introduced a new property tax

Which of the following states chose to cut taxes slightly?

• Colorado

• Illinois

• Arizona

• New York