Prop 38 would raise income taxes on Californians in all but the lowest income bracket over the 12 years from 2013 through 2024.
FORBES: Billions In State Tax Hikes, And Breaks, On Nov. 6 Ballot
Currently, 3% of the student body at Oxford are from the lowest income bracket, while one in five would qualify for the bursary at some level.
BBC: NEWS | UK | England | Oxfordshire | Poor families targeted by Oxford
As Pat Garofolo notes, if you are a Michigan resident in the lowest income bracket (bottom 20%) you pay a tax rate of 8.9 percent.
FORBES: Michigan Governor to Cut Taxes for Corporations While Cutting Services for the Poor and Middle Class
Bush also adopted a new lower tax bracket for the lowest income workers of 10%, reducing their federal income tax rate by 33%.
FORBES: How Obama Misled Joe The Plumber
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