Alternative To State Income Tax
A trend in tax filing is already taking place in some Republican led Southern and Midwest states. Other states are considering a similar plan to eliminate their state income taxes and replace it with a higher sales tax to make up for loss of revenue. Legislative watchdogs and tax reform experts can only speculate to the success of these new tax reform campaigns.
The Push for State Tax Reform
Since there is little hope for any more changes with the federal tax system, many states are making plans to spur economic growth within their own … Read the rest