Analysis: Bill Helps Rich, Hurts Poor
The Idaho Center for Fiscal Policy has released an analysis of the effect of HB 311, the GOP leadership’s tax bill, on Idahoans of various income levels. The conclusion: People in the middle 20 percent, with incomes ranging from $38,900 to $61,000 a year, would lose the most, and see an overall increase in taxes of, on average, $192. People at the top – the top 1 percent of earners, with annual income of $427,400 or more – would gain the most, seeing a tax cut of, on average, $4,990/Betsy Russell, Eye on Boise. More here.
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