June 14, 2022

Bloomberg Tax: Flat Income Tax Revival Draws Sharply Mixed Reviews (Podcast)

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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.

ITEP State Policy Analyst Kamolika Das joined Talking Tax to explain why flat taxes will only make it more difficult to fund state services and likely result in higher taxes on low- and middle-income people. Listen here.