04/07/2025
A very important trend is happening. Income taxes are becoming phased out or there is talk to phase them out in some states and in the federal government. If this trend continues and we get rid of income taxes, it will be morning in America again with our more ethical and civilized forms of taxation like sales taxes. The income tax is one of the most destructive taxes to a free people. It is great to see that many in our country have an appetite for getting rid of it.
"About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing.
The push to zero out the income tax is perhaps the most aggressive example of a tax-cutting trend that swept across states as they rebounded from the COVID-19 pandemic with surging revenues and historic surpluses..."
About 45 years have passed since a state last eliminated its income tax on wages and salaries. Two Southern states are now on a path to do so if their economies keeping growing.