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Trusted local news leader for Prescott area communities since 1882
12:33 PM Mon, Nov. 19th

Letter: Higher taxes


Perhaps Joe Thomas isn’t aware what happened in two states who have attempted to impose higher taxes on the wealthy. In 2008, Maryland imposed a new tax bracket on the wealthy. One year later, one-third of the millionaires disappeared from Maryland’s tax rolls.

In 2012, California imposed a higher tax rate on millionaires. Within a year, 138 millionaires left California. Imposing higher taxes on the wealthy is not the solution it’s just a proven bad decision.

Frank Roemer