Oh, but it can. The state Legislature this session passed House Bill 2032 to decrease the maximum Oklahoma personal income tax rate from 5.25 percent to 5 percent in 2015 and then again to 4.85 percent in 2016 if there is sufficient revenue growth. When fully implemented, the Oklahoma Tax Commission estimates the measure will […]
Mickey Hepner
Posted inNews
Counterpoint: Scrapping tax won’t help economy
In the last few months several legislators joined with the Governor’s Task Force on Economic Development to urge Oklahoma to gradually eliminate the state’s personal income tax over the next 10 years. Consequently, it would not be a surprise if legislators will be asked to vote on the idea. Unfortunately, the evidence indicates that eliminating […]