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Burgum's income tax proposal?
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<blockquote data-quote="Allen" data-source="post: 359413" data-attributes="member: 389"><p>Just curious how many have been following the Governor's income tax proposal and some of the other counter proposals?</p><p><a href="https://www.msn.com/en-us/news/politics/nd-legislature-debates-income-tax-reform-some-argue-why-not-property-tax/ar-AA16ePPX?ocid=msedgntp&cvid=d32b86d6aa354683b80a7b3947a69c25" target="_blank">Burgum's Income Tax proposal vs property tax</a></p><p></p><p>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.</p><p></p><p>Now, I'm in no danger of paying $36k to the state under either scenario, but I am wondering how his math works.</p></blockquote><p></p>
[QUOTE="Allen, post: 359413, member: 389"] Just curious how many have been following the Governor's income tax proposal and some of the other counter proposals? [URL='https://www.msn.com/en-us/news/politics/nd-legislature-debates-income-tax-reform-some-argue-why-not-property-tax/ar-AA16ePPX?ocid=msedgntp&cvid=d32b86d6aa354683b80a7b3947a69c25']Burgum's Income Tax proposal vs property tax[/URL] 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. [/QUOTE]
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