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In response to
"The state income tax rate has been pretty low. I'm sure there's room to make some cuts, but I think the revenue shortfall is significant and has been"
by
pmb
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We're on the low spectrum for states with a flat tax* but are quickly headed to the high end.
Posted by
ty97
Jan 6 '11, 15:10
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*not including the states with a flat tax of 0%
I don't know how we compare to states that have a graduated rate, but this is the flat tax landscape (per wiki)
Colorado - 4.63%
Illinois (NOW) - 3%
Indiana - 3.4%
Massachusetts - 5.3%
Michigan - 4.35%
Pennsylvania - 3.07%
Utah - 5%
Illinois (FUTURE) - 5% or more
They say it will be temporary, of course, but who believes that?
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