Another Tax on the 99 Percent

This week we told you about Governor Jerry Brown’s regressive tax plan, and how it will hurt low- and middle-income earners through a sales tax hike, but there’s another proposal vying for the November ballot that also raises taxes on the 99 Percent, and may be just as bad as Brown’s. The proposal is being pushed and financed by wealthy Los Angeles lawyer Molly Munger, and it would raise income taxes across the board, including for Californians who make as little as $14,642 a year.