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The individual income tax is expected to generate about $2.1 billion for the state this year, behind an expected $2.9 billion from the sales tax, according to the budget office.
Opponents of reducing the Mississippi income tax point to Republican-led Kansas, which enacted big tax cuts in 2012 and 2013 but repealed many of them in 2017 after large and persistent budget ...
The Mississippi Legislature in a bipartisan vote with very little debate on Sunday passed the largest tax cut in state history.
Mississippi held constitutional conventions in 1851 and 1861 about secession. [2] A few months before the start of the American Civil War in April 1861, Mississippi, a slave state located in the Southern United States, declared that it had seceded from the United States and joined the newly formed Confederacy, and it subsequently lost its representation in the U.S. Congress.
In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income tax calculations. Forty-one states, the District of Columbia, and many localities in the United States impose an income tax on individuals. Nine ...
Mar. 2—TUPELO — An influential conservative think tank has deemed a proposed overhaul of Mississippi's tax structure as "momentous" but urges caution and careful deliberation over the bill's ...
Pollock argued that since a tax on real estate is a direct tax, a tax on the income from such property should be a direct tax as well. Because the Constitution prohibited a "direct tax" unless the tax is apportioned, Pollock argued that the unapportioned income tax should be declared unconstitutional. The "direct tax" argument had also been ...
Mississippi Gov. Tate Reeves is renewing his call for legislators to phase out the state's personal income tax over several years, and he is asking them to spend more money on economic development ...