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Mississippi and Kentucky consider eliminating personal income taxes, shifting fiscal burden debates.
Mississippi and Kentucky are considering eliminating personal income taxes, not done since 1980.
Mississippi's law will gradually reduce its 4% income tax rate to 3% by 2030, with potential elimination by 2040 if revenue triggers are met.
Kentucky's 2022 law also reduced its income tax rate, with further reductions dependent on revenue growth.
Critics warn that relying on sales taxes could disproportionately affect the poor.
This trend follows post-pandemic economic recovery with surplus revenues.
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Mississippi y Kentucky consideran eliminar los impuestos sobre la renta personal, desplazando los debates sobre la carga fiscal.