“the city just slashed its income tax through a tiered system”

Photo by PoPville flickr user phil

Thanks to a reader for sending:

“$50k – 75k will see a 17% income tax decrease active for the 2015 fiscal year. That’s an annual savings of about $450! Residents earning less will see greater savings, and those earning more will still save though not as much. People making over 500k will see a tiered increase in their income tax.

Check it out:

DC+Tax+Reform+Package (PDF)

NBC Washington reports:

“The tax breaks go into effect right away.”