Phasing out the income tax raising up the sales tax…?
Jacksonville.com by Walter C. Jones –
“This month, the House Ways and Means Committee held the first of a series of hearings on a bill that would shrink the income tax from 6 percent to 4 and compensate by boosting the sales tax from 4 percent to 5, all over three years. Backers say the bill would attract the owners of small and medium-sized businesses, the type that are growing and generate high-paying jobs.
The legislature created a separate citizens’ tax reform commission expected to call for the complete phaseout of the income tax when it meets this fall. Leaders in the legislature have, for years, been calling for replacing the tax with a higher sales tax.”
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