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Voters made tax decisions on 2022 ballot measures

November 19, 2022
2022 I voted sticker in espanol yo vote

My polling place only had Spanish "¡Yo Voté! / I voted" stickers. But the language doesn't matter. The act of voting, this year and in the future, does. (Photo by Kay Bell)

The 2022 midterm elections have come and gone. As the old saying goes, it's all over but the shouting or crying or both.

In addition to selecting individuals to lead our local, state, and federal governments, many of us were asked to decide on ballot issues.

Overall, according to Ballotpedia, voters in 37 states and the District of Columbia decided Nov. 8 on 132 statewide ballot measures. Since this is a tax blog, those revenue results are the focus of this weekend's Saturday Shout Outs.

But first, some quick highlights.

California and Massachusetts voters' decisions on wealth tax questions were are far apart as their literal physical distance from each other. Golden Staters said no to an added 1.75 percent personal income tax on wages exceeding $2 million. Bay Staters agreed to a constitutional amendment establishing an additional 4 percent state income tax on annual taxable income of more than $1 million, adjusted annually for inflation.

Coloradoans overwhelmingly agreed to a ballot proposal that will reduce the state's flat income tax rate from 4.55 percent to 4.40 percent.

Voters in the nation's capital said yest to a minimum wage increase for Washington, D.C., workers who get tips as part of their compensation.

But wait, there's more. There were ballot box decisions on legalizing and taxing marijuana for recreational use, sports betting, and property tax exemptions.

The following blog posts and articles have more details on the recent tax-related propositions and why they passed or didn't.

If you voted, thank you. Even if the results weren't what you wanted (and I know all about that being in heavily gerrymandered Texas!) it's still important that we all make our wishes known about how our government officials lead (or don't; again, Texas).

You also might find these items of interest:

 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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