If you're listening to the scary rhetoric from income tax opponents, you probably do think that Initiative 1098 is going to take money out of your pocketâand, odds are, you're wrong.
But to put minds at ease, here's a handy calculator that tells you how you'll fare if 1098, which creates an income tax for individuals earning over $200,000 a year and also cuts taxes for business and property owners, is passed.
Suspicious that the calculator might be telling you evil lies? Wondering who's behind the thing? It's put out by the Economic Opportunity Institute, an "independent, nonpartisan, nonprofit public policy center advancing new ideas to build an economy that worksâfor everyone."
