Tag Archives: taxes

Every Family in SC Pays Taxes: The Poorest Pay a Larger Share of Their Income than Wealthiest

As the S.C. General Assembly looks to do “tax reform,” a new report, Who Pays? A Distributional Analysis of the Tax Systems in All 50 States by the D.C.-based Institute on Taxation and Economic Policy [ITEP] illuminates the flawed premise … Continue reading

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Who Pays State and Local Taxes in South Carolina?

Low-income and middle class taxpayers in South Carolina pay a larger share of their income to support our public structures and systems than do our wealthiest taxpayers. The quality of life we all enjoy in South Carolina is directly connected … Continue reading

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Rewarding Work and Building Wealth: A State Earned Income Tax Credit

Rather than doling out small individual income tax cuts of up to $84 per year to better off taxpayers, the South Carolina General Assembly should instead implement a Ronald Reagan endorsed pro-family, job creation measure which can have real impact—a … Continue reading

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Another Bad Idea: Axing the SC Corporate Income Tax

In 2011, we will again see proposals to repeal the corporate income tax to “encourage economic development”.  The only real effects will be to further reduce revenue and make it harder to make the long-term investments that will produce sustained … Continue reading

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Building a Better Gas Tax for South Carolina

South Carolina could generate an additional $407 million in transportation revenues by updating its gas tax to reflect changes in the cost of transportation construction according to a report out today from the Institute on Taxation and Economic Policy (ITEP).  … Continue reading

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