The Institute of Taxation and Economic Policy estimates that in 2026, South Carolina’s wealthiest 1%—those making over $782,500 a year—will receive an average tax cut of $68,260, while the lowest-income residents, earning under $23,200, will face an average tax increase of $30, in addition to steep cuts to Medicaid and SNAP.
Related Reading
February 5, 2026
State Rundown 2/5: Icy Roads Do Not Slow Tax Policy Debates
February 2, 2026
State Tax Watch 2026
January 22, 2026
State Rundown 1/22: Cautious Tone Noticeable in Most Statehouses
Mentioned Locations
South Carolina