Arizona: “Wealth tax” possible to pay for health care for poor
Hospitals want all Arizona voters to approve higher taxes on the richest of them to help pay for health care for the needy. An initiative drive to be launched this week proposes a surcharge on income greater than $150,000 a year for individuals and $300,000 for couples. Right now the top state income tax rate is 4.54 percent. So someone with an adjusted taxable gross income of $225,000 owes the state $10,215.