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Flat Income Tax Revival Draws Sharply Mixed Reviews (Podcast)

May 27, 2022, 8:45 AM

With cash cushions plump with federal pandemic relief dollars and a surge in tax revenues, state legislatures across the country have cut taxes aggressively this year. But several states went further, converting their tiered income tax structures to flat-rate systems. Arizona, Georgia, Iowa, and Mississippi have committed to the flat tax in recent weeks, and Oklahoma is likely to join the group soon.

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The shift away from graduated income tax structures, which tax higher ...