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Guest Column: No Tax Bill Is Perfect
But South Carolina’s new flat tax proposal nearly is…
But South Carolina’s new flat tax proposal nearly is…
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9 comments
The only fair tax is no tax. Anything people value, they will pay for voluntarily.
A friend of mine lives in Texas (one of the states with zero state income tax. He says that Texas charges “fees” for everything and a lot of things that are not taxed in SC. He also lived in SC and says by comparison it was cheaper to live in SC.
Hmmm. An unthoughtful “think tank.”
Every year more and more revenue is generated by our already High Sales Tax. It has a built in increase called inflation. With the money generated from sales tax there is more than enough to eliminate the income tax. New Hampshire has neither sales or income tax. CUT SPENDING NOW !
Well thought out and well put, Herb!
What do you want cut? Isn’t that aways the question? People scream cut spending, cut spending, but you never say what spending you want cut. Are you ok if the state does not fix roads and bridges when they fail. Should we shut down the schools. Should we kick senior citizens out of nursing homes and let them die. Should we shutter the courts and sell off the court houses? Maybe we should eliminate the Highway Patrol, and close SLED. The list goes on and on. So if you want cuts tell us where.
That said a flat tax is not fair and it does not stimulate the economy. Republicans will always stack the deck for the rich, just like Trump is doing at the federal level. All of this pain we are going through is to produce money so he can cut the taxes of the rich, not to save “America” anything or lower the deficit.
Thank you for sharing that with me. It gives me a much clearer picture of the context.
As a fellow South Carolinian and small business owner, I couldn’t agree more with Wendy’s analysis—this is the most fiscally responsible tax reform we’ve seen for our state, and the critics are missing the forest for the trees. Her 30 years as a CPA carry so much weight here: the flat tax at 2.49% (the lowest in the nation!) is a game-changer for our economy, and the shift to AGI gives us control over our tax code instead of letting DC’s political whims dictate our budget. Yes, some will pay a little more in year one, but the status quo—44% paying nothing while hardworking families foot the bill with the Southeast’s highest top rate—is unsustainable. The fact that this bill has NO offsets (no higher sales/property/gas taxes) is a win for all of us, unlike Mississippi’s plan or Florida/Texas’s tax trade-offs. Let’s stop chasing “perfect” and embrace this transformative step for SC’s growth and jobs.
This SC flat tax proposal is getting mixed reviews. While simplifying the code is welcome, concerns remain about fairness & revenue. No plan is perfect, but balancing progressivity with simplicity is key. Let’s hear more details before judgment.