Taxes

Several States Consider Ditching Income Taxes

It would give taxpayers a welcome break

|

Republican lawmakers in several states are aiming to do what no state has done in more than three decades: eliminate income taxes.

Efforts are under way in at least three states to do away with personal and corporate income taxes, while Republicans in control elsewhere are considering rate cuts.

"At this point I don't know if I could give you what that possible outcome is," Phil Berger, North Carolina's senate leader said Wednesday (January 16), according to the Associated Press, "but I can tell you that we're going to shoot for the lowest possible (rate), and zero is the absolute lowest."