I’m guessing by the time ballots are cast this November, most voters will know that Initiative 1098 would raise taxes on households earning over $400,000 a year. But what most voters might not realize is that I-1098 will save the vast majority of us money, especially homeowners and small business owners.
For example, I’ll save $173.00 in the first year alone.
How do I know? Well, I ran my income and my annual property tax through the nifty I-1098 calculator created by the Economic Opportunity Institute… a calculator I’ve embedded below for your convenience below. Try it yourself and see how much money you’ll save.