Sales Tax Rate Required to Replace the Income Tax

• Policy Memorandum Version
• 1386 Download
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• August 22, 2006 Create Date
• November 13, 2018 Last Updated

Policy Memorandum, August 22, 2006, David L. Sjoquist
Over the past few years the idea of eliminating the state income tax has been advanced. This memorandum considers the sales tax rate that would be necessary to replace the lost income tax revenue.