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South Carolina Republicans propose a flat 3.99% income tax, aiming to lower it to 2.49%, despite initial increases for most.
South Carolina Republicans propose a flat income tax rate starting at 3.99% in 2026, aiming to eventually lower it to 2.49%.
The plan would initially raise taxes for 60% of filers, with supporters arguing it will lead to long-term benefits, including lower taxes for most residents.
Critics warn of potential negative impacts on the budget and taxpayers.
The proposal is part of a trend among Southern states to lower taxes.
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Los republicanos de Carolina del Sur proponen un impuesto a la renta del 3,99%, con el objetivo de bajarlo al 2,49%, a pesar de los aumentos iniciales para la mayoría.