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.
99 Articles
99 Articles
Two Red States Making Moves to Completely Eliminate State Income Taxes
Mississippi and Kentucky are making bold moves to eliminate state income taxes, joining a national push to reduce tax burdens and attract economic growth. If successful, these changes could reshape the states’ economies—and their politics. Key Facts: States Advancing Plans for Eliminating State Income Taxes Mississippi passed a law in 2024 to reduce its income tax rate from 4% to 3% by 2030, with the potential to phase it out entirely by 2040. …
2 States Poised To Be First Since 1980 To Eliminate Income Tax
2 States Poised To Be First Since 1980 To Eliminate Income Tax Via Headline USA, 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. The push to zero out the income tax is perhaps the most aggressive example of a tax-cutting trend that swept across states as they rebounded fr…
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
