Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,791
- 2,210
we pay state and city tax according to income, and now they want to end all social programs including the ACA so the wealthy can avoid paying state and city taxes. The sooner we get rid of the Republicans the better. Also then they will raise sales tax, so even the working poor, disabled and elderly will have to pay more in taxes. There will also be a hidden taxes. WE had best get to vote on it.
See the Reps want to cut out programs to balance the budget, then they want to cut taxes for the wealthy.
We can't become a state like Texas, the uninsured capital of the US.
See the Reps want to cut out programs to balance the budget, then they want to cut taxes for the wealthy.
We can't become a state like Texas, the uninsured capital of the US.
LANSING — If a state lawmaker has his way, both city and state income taxes could become a thing of the past — but not for 43 years.
State Rep. Aric Nesbitt, R-Lawton, introduced bills last month that would phase out the state's 4.25% income tax, one-tenth of a percent at a time. Starting on Jan. 1, 2018, and every New Year's Day after for more than four decades, the tax rate would be reduced one-tenth of 1% until it reached zero. A reduction to 4.15% would cost the state roughly $224 million in tax revenues in the first year. In 2013, the last year that figures were available, the income tax generated $6.9 billion for the state.
Another bill would prohibit cities from levying income taxes, also beginning on Jan. 1, 2018. The bill wouldn't affect the 22 cities that already have an income tax.
New bills include elimination of state, city income taxes
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