Proponents of the bill say this version gives South Carolina a path to having zero income tax, while using adjusted gross ...

Louisiana lawmakers advance bills to lower insurance costs by reforming tax credits and simplifying premium tax structures.

The House passed its 2025 budget bill for fiscal years 2026 through 2034, which outlined 'no tax on overtime.' When will ...

Lawmakers are in the final stretch of Oklahoma’s 60th regular legislative session and state budget talks are ramping up.

SC legislators want to decouple from federal tax system, start at adjusted gross income, lower rate, have a flat tax and tax more people; you can't do all that.

Colorado now allows residents between 55 and 64 to avoid paying taxes on Social Security benefits if their adjusted gross ...

A bill that exempted National Guard duty pay from income tax now carries a $1.7 billion price tag for tax rate cuts extending ...

The South Carolina House is revising a bill that would raise income taxes for nearly 60% of earners, and lawmakers are going ...

On April 15, Tax Day, Governor Brian Kemp (R-Ga.) signed House Bill 111, legislation lowering Georgia’s flat income tax from 5.49% to 4.99%. This new income tax cut, the latest in a series of ...

Missouri House Republicans aren’t ready to give up on dual goals of enacting a flat income tax and cutting the overall rate, and have loaded a Senate bill with their latest plan — flat tax and ...

Previously, Iowa had a progressive income tax system with a top rate nearing nine percent and a corporate rate of 12 percent. As of January 1, 2025, Iowa now has a flat tax of 3.8 percent.

This is a common misconception about how marginal rates work. Marginal Tax vs. Flat Tax While most developed nations now use marginal tax rates, some countries have a flat tax system where all ...