May 20, 2015

West Virginia Center on Budget and Policy: Gutting the Personal Income is a Poor Strategy

ITEP Work in Action

As this post shows, the personal income tax is not only the largest source of revenue from state residents but it is also a progressive tax that helps reduce income inequality and pay for important budget priorities like education, higher education and health and human services. In the next post, we will explore whether the personal income tax leads people to flee West Virginia for states without a personal income tax. As we shall see, the idea that the personal income tax leads to out-migration of state residents and businesses is largely a myth.

Read the full report here.