Duane Morris Government Strategies

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Tag Archive for ‘millionaire tax’

States Considering a Millionaires’ Tax

by: Ryan J. Stevens and John C. Zang New Jersey recently joined California, New York, and Washington, D.C., in implementing “millionaires’ taxes.”  “Millionaires’ Tax” is a general term used to describe tax provisions specifically designed to collect revenue from households earning greater than $1,000,000 in taxable income each year.  Proponents view increased marginal tax rates upon the highest income levels as a critical way to fund essential services, such as […]

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