D.C. Council approves tax hike for high earners

 The D.C. Council voted Tuesday to raise income taxes on residents who earn at least $350,000 annually, capping off a heated debate that revealed a deep philosophical divide on the city's chief legislative body.

In the 7 to 6 vote, the council agreed to raise the rate from 8.5 percent to 8.95 percent on about 6,000 District residents who have more than  $350,000 in annual in taxable income.

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Ernesto Londono 21 Sep, 2011


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