West Virginia Metro News: Debate Over Repealing W. Va’s Income Tax Begins
media mentionStates best equipped to make a move like this are those that have an influx of wealth, said Carl Davis, an analyst for the national Institute on Taxation and Economic Policy.
“Unless you’re in a situation like Alaska and you manage to stumble onto a huge pot of new tax revenue, income tax repeal involves very difficult tradeoffs,” Davis said.
“The tradeoffs involve, in all likelihood, most West Virginians would end up worse off under income tax repeal than they are right now.”