Tax-the-rich movement arrives for $500,000 earners in Colorado
The tax-the-rich movement that has stirred ire among Silicon Valley billionaires and Seattle's ultrawealthy has found its way to the Rocky Mountains. Colorado's measure would apply to both individuals and corporations, drawing opposition from the chamber of commerce and Democratic Governor Jared Polis. Supporters argue that the levy is relatively small, given it only covers marginal income, and that 97% of taxpayers will pay less under the proposed structure. The additional revenue would go toward education, healthcare and childcare. Curtis Bankers, a Denver-based estate and tax planning attorney, said he has fielded calls from clients who are considering moving should the amendment pass. Many wealthy Coloradans may already own property in lower-tax states like Wyoming, Utah and Arizona, he said, making it easier to change residency. "All of my clients would be affected by this,"…