Stories tagged: "taxes"
Arizona’s 11 billionaires saw their collective wealth more than double over the last 17 months, accumulating a combined $35.4 billion.
More than $352 million in expanded Child Tax Credit payments were given to Arizona families last month, averaging $444 per household.
Arizona families with children could start to see hundreds of dollars in extra monthly payments in their bank accounts or mailboxes later this week.
The proposed tax cut would result in about a $1.5 billion reduction in tax revenues next year – revenues that local governments are heavily reliant on.
Prop 208 adds a tax on the state's top income-earners to fund public schools. It's expected to bring in nearly $1 billion of new revenue annually.
The average annual income of the top 1% of Arizona earners is over $880,000, while it’s only $42,000 for the rest of the state’s population.
