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    Mississippi, one of the most impoverished states in the U.S., passed legislation last year that will fully eliminate individual income tax in the state by 2040, a move that will allow residents to keep more of their money


    Mississippi, one of the most impoverished states in the U.S., passed legislation last year that will fully eliminate individual income tax in the state by 2040, a move that will allow residents to keep more of their money

    https://www.themirror.com/money/mississippi-eliminate-individual-income-tax-1825262

    Posted by TheMirrorUS

    2 Comments

    1. Available-Medium7094 on

      They will need to collect taxes somehow. Most likely from sources that affect the poor. Or is there an understanding state programs in MS will need to be federally funded?

    2. korinth86 on

      Its estimated it will cost the state 1/3 of their tax revenue?

      When that happens what gets cut? Services that largely help those impoverished? Certainly won’t tax their wealthy/businesses more.

      Will be interested to see how this plays out…

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