US EditionNo state has ended personal income taxes since 1980, but Mississippi and Kentucky may change that
- Mississippi and Kentucky are considering eliminating their state income taxes, joining a recent tax-cutting trend.
- States experienced surging revenues after the COVID-19 pandemic, prompting aggressive tax cut proposals.
- Mississippi's law reduces the income tax rate gradually to 3% by 2030, dependent on revenue benchmarks.
- Governor Reeves stated that the tax repeal puts Mississippi in a class of elite, competitive states.
- Analysts warn that income tax repeal could make states too reliant on sales taxes, disproportionately affecting the poor.
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59 Articles
59 Articles
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Left
19
Center
19
Right
7
Hastings Tribune+2 Reposted by 2 other sources
No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a path to do so
About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep…
Two states eye paths to eliminate personal income taxes
About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing.
·Richmond County, United States
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Associated Press News+48 Reposted by 48 other sources
No state has ended personal income taxes since 1980, but Mississippi and Kentucky may change that
About 45 years have passed since a state last eliminated its income tax on wages and salaries. Two Southern states are now on a path to do so if their economies keeping growing.
·United States
Read Full Article
Coverage Details
Total News Sources59
Leaning Left19Leaning Right7Center19Last UpdatedBias Distribution42% Left, 42% Center
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
42% Center
L 42%
C 42%
R 16%
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