Jackson (Miss.) Clarion-Ledger: Eliminating state income tax would hurt Mississippi working families, widen inequities

This is because individual income taxes are the only major tax in which the state’s highest-income earners pay a larger percentage of their income in taxes than the state’s lower-income earners. Not surprisingly, then, the state’s wealthiest households stand to gain the most from eliminating the tax.

On average, Mississippians in the lowest 20% of income earners in the state would save $30 a year, while the state’s wealthiest would save over $31,400 a year from eliminating the income tax, according to Institute on Taxation and Economic Policy estimates. Read more