Summary
SALT LAKE CITY -- Utah's wealthiest residents would bear the brunt of a new tax proposal aiming to bolster the state's education funding by $350 million.
Rep. Brian King, D-Salt Lake, has crafted a bill that would increase the current 5 percent individual income tax rate for those who earn $250,000 to $750,000 by 1 percent and add 2 percent to earners who bring in more than $750,000 annually. King said he's hoping the increase, which would affect less than 2 percent of the state's population, garners help from those most able to shoulder a bigger tax bill.See the full content of this document
Extract
Tax Would Impact Wealthiest Utahns
"Almost 95 percent of the revenue generated by t...
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