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ActionTogetherNJ Profile picture
ActionTogetherNJ
@Action2getherNJ
Action Together™ New Jersey - democracy, clean energy 🌎, school boards 🔔. https://t.co/Ug2iXEFvsu. This is *not* the account of Exec Dir. @winnkhuong
Jun 12, 2019 • 25 tweets • 14 min read
Thread #1 - LD1-19 *Why support the Millionaires Tax?
1. NJ is in the TOP 10 of states for income inequality.
2. The wealthiest 5% pay LESS in income tax than middle class families.
3. NJ has seen an increase in millionaire households while raising the top rate in 2004. 1/ Top 3 key FACTS to fight against the myths:

1. Myth: All my millions will be taxed at a higher rate!

Fact: The tax would go from 8.97% to 10.75% for all annual earnings OVER $1 million. It does NOT apply to an individual's entire income. 2/