Millionaires Targeted in L.A. Tax Proposal to Ease Homelessness

  • Los Angeles County seeks 0.5% levy on incomes above $1 million
  • Proposal fits trend of higher taxes on incomes of the wealthy

Los Angeles County leaders are turning to millionaires to pay for solutions to its growing homeless problem, part of a trend of state and local governments looking to raise income taxes on the highest wages.

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