Understanding Proposition 208

Description

The Invest in Education Act (Proposition 208) would generate funds for schools by placing a 3.5% income tax surcharge on taxable individual income that is more than $250,000 for a single person (or married person filing separately) or $500,000 for…

The Invest in Education Act (Proposition 208) would generate funds for schools by placing a 3.5% income tax surcharge on taxable individual income that is more than $250,000 for a single person (or married person filing separately) or $500,000 for a married couple (or a single person who is a head of household).