H. 828: Surcharge on high incomes

H. 828 would institute a 3% personal income tax surcharge on personal annual income over $500,000

It is a marginal tax, so would only affect income over $500,000

The proposal would only affect the wealthiest 1% of Vermont taxpayers

The proposal would raise over $74 million in state revenue each year

More revenue means more money for fixing our roads and bridges, funding schools where our students can thrive, supporting Vermont families, increasing access to healthcare and housing, and protecting our environment