Mississippi just eliminated State Income Tax

[Windows 91]

To make up for the funding cut, the gas tax will gradually increase 9 cents from the current rate of 18 cents per gallon. It will then will increase to 27 cents by July 2027. After that, it could be further raised to help fund state road work.

I am not an economist, but can a gasoline tax really cover the lost tax revenue from 0 income tax? That much gas is getting sold? And in an era where electric vehicle adoption is growing annually? Something else gotta supplement this.

 

[Clark Wayne]

The bill always comes due so that money will come from somewhere

Either that or let it collapse

 

[Laidbackman]

I wonder if Georgia gonna be next anytime soon. But then again, I don't pay state taxes no way.

 

[Wiseborn]

They will just raise it in a different way.

Either through sales tax or property. Most likely both.

They had a grocery tax of 7% that’s crazy in itself.

 

[Phitz]

They will just raise it in a different way.

Either through sales tax or property. Most likely both.

this is what I was thinking, check to see if property tax went up

 

[Wiseborn]

I wonder if Georgia gonna be next anytime soon. But then again, I don't pay state taxes no way.

nope Georgia is too resourced and rich to fail this hard.

 

[Wildin]

To make up for the funding cut, the gas tax will gradually increase 9 cents from the current rate of 18 cents per gallon. It will then will increase to 27 cents by July 2027. After that, it could be further raised to help fund state road work.

 

[Richard Glidewell]

The state budget is cooked

The shyt reads like an incentive laced contract, with all the if and then statements depending on the year and no concrete plan to address budget shortfalls which will open the door for them to directly justify raiding social programs publicly now instead of stealing

 

[DonB90]

 

[Unbothered]

If this was any other state in the South like Georgia, North Carolina, etc, it'd be a big deal, but Mississippi is already poor and struggling; whether they pay taxes or not, the citizens are still gonna be in financial distress.

It's not like the tax money was making a difference for the State, so why should anyone believe it'll help Mississippians? Sure, it'll help some, but overall, it's an empty gesture.

 

[Field Marshall Bradley]

Wish them the best

 

[Savvir]

If this was any other state in the South like Georgia, North Carolina, etc, it'd be a big deal, but Mississippi is already poor and struggling; whether they pay taxes or not, the citizens are still gonna be in financial distress.

It's not like the tax money was making a difference for the State, so why should anyone believe it'll help Mississippians? Sure, it'll help some, but overall, it's an empty gesture.

yup, poor people already get most of their tax money back

the only ones really benefiting are higher earners

 

[the cac mamba]

i wish democrats would shyt on red states, the way republicans are always talking about NY and Cali

 

[King Static X]

Idiots will cheer this because "I DON'T HAVE TO PAY ANYMORE TAXES!!!!!!!!!!!!"

But this will hurt a poor state like Mississippi and they are just going to collect taxes in another way

 

[Dirty Mcdrawz]

In 5-10 years when they’re struggling you can bet your ass they’ll raise property tax too