You know, when you tax the "top earners" / "wealthy" people. They leave, or find ways to dodge the taxes. That's why the higher the taxes are the lower the collections are. Its been proven hundreds of times over for decades.
Archive: https://archive.today/ktbeT
From the post:
>12:56 p.m. update: As the House took up its final votes, Gov. Jared Polis’ office announced that he’d signed the first two bills passed during the special session.
Senate Bill 3 amends an existing ballot measure that seeks to raise money for the state’s school meals program by taxing wealthier residents. Under the new version, excess funds raised by the ballot measure would go to funding food assistance, which faces funding cuts under the federal budget bill.
According to estimates on the ballot measure, taxes would increase only on those Coloradans who make more than $300,000 a year.
You know, when you tax the "top earners" / "wealthy" people. They leave, or find ways to dodge the taxes. That's why the higher the taxes are the lower the collections are. Its been proven hundreds of times over for decades.
Archive: https://archive.today/ktbeT
From the post:
>>12:56 p.m. update: As the House took up its final votes, Gov. Jared Polis’ office announced that he’d signed the first two bills passed during the special session.
Senate Bill 3 amends an existing ballot measure that seeks to raise money for the state’s school meals program by taxing wealthier residents. Under the new version, excess funds raised by the ballot measure would go to funding food assistance, which faces funding cuts under the federal budget bill.
According to estimates on the ballot measure, taxes would increase only on those Coloradans who make more than $300,000 a year.
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