Wealthy residents do not pay their fair share of taxes because Marietta does not tax portfolio income (e.g., interest, dividends, capital gains, pensions).

Wealthy residents should be taxed on a portion of their portfolio income for the privilege of living in our historical, vibrant, and generally safe community.

Levying a progressive tax on portfolio income would allow wealthy residents to contribute fairly to city coffers while not increasing the burden on less fortunate tax payers.

Right-sizing the city budget and workforce must be done to address the financial challenge facing the city, but fair-sizing the city income tax structure needs to be done as well.

A goal in the Marietta Strategic Plan should be to seek ways for wealthy residents to pay their fair share of taxes.