Just curious how many have been following the Governor's income tax proposal and some of the other counter proposals?
Burgum's Income Tax proposal vs property tax
And one of the big things in the story I need to know is where/how did Representative Ista reach the conclusion that this gives people earning more than $490k a year a $36k tax break when the current highest income tax bracket for ND is 2.9%? Near as I can calculate, it would take an income of over $1.3 million to get to a $36k ND income tax expense.
Now, I'm in no danger of paying $36k to the state under either scenario, but I am wondering how his math works.
Burgum's Income Tax proposal vs property tax
And one of the big things in the story I need to know is where/how did Representative Ista reach the conclusion that this gives people earning more than $490k a year a $36k tax break when the current highest income tax bracket for ND is 2.9%? Near as I can calculate, it would take an income of over $1.3 million to get to a $36k ND income tax expense.
Now, I'm in no danger of paying $36k to the state under either scenario, but I am wondering how his math works.