Study: Taxing the Rich Means $11 Billion in 5 Years

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The state could sure use an infusion of cash right now. And wouldn't ya know it, a new study says that $11 billion over the course of five years could be ours, if only we'd pass I-1098 this November, the Bill Gates Sr.-backed initiative that taxes the rich. The initiative also lowers state property taxes, meaning Washington may lose its not-so-treasured status as the country's most regressive usurer. Cue the this-is-just-a-Trojan-Horse-for-an-income-tax-for-all outcry in 3...2...1...

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