Proposition 3: Make income taxes on higher earners permanent to fund education and healthcare
The tax, first enacted in 2012, is set to expire in 2031. Under the measure, income taxes for top earners range from 10.3% (for individual income over $360,000) to 12.3% (for individual income over $721,000), with graduated rates in between. Eighty-nine percent of the money goes to K-12 public schools and 11% goes to community colleges, with any excess going to public healthcare. The tax typically raises $5 billion to $15 billion a year.
