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In 2023, Red States Are Dropping Personal
And Business Taxes – Here’s The List

Original Article

Posted By: Imright, 12/29/2022 5:15:03 PM

Red states are set to give Americans tax breaks starting in 2023. Multiple states have changes going into effect dropping personal or business taxes. The Epoch Times reported: With state legislatures entering their third sessions since the 2020 pandemic pumped trillions in federal recovery and stimulus assistance into state and local government coffers, tax reform across a range of levies is among front-burner priorities for lawmakers in 2023.During 2022 sessions, Washington, D.C.-based Tax Foundation reports at least 38 states adopted “noteworthy tax changes” with most going into effect on Jan. 1,

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Reply 1 - Posted by: earlybird 12/29/2022 5:41:51 PM (No. 1367073)
They will be be the states that the Tax Foundation finds are the most dependent upon federal aid. In the past mostly Southern states plus New Mexico were the most dependent.
12 people like this.

Reply 2 - Posted by: earlybird 12/29/2022 6:04:14 PM (No. 1367080)
https://taxfoundation.org/state-federal-aid-reliance-2020/
5 people like this.

Reply 3 - Posted by: Angry Little Man 12/29/2022 10:22:06 PM (No. 1367159)
Finally some good news for Arizona!
14 people like this.

Reply 4 - Posted by: Paperpuncher 12/30/2022 7:02:29 AM (No. 1367249)
These are red states. The reductions are not very large but, something is better than nothing. By the way #1 red states tend to have balanced budgets. I see no issue here.
24 people like this.

Reply 5 - Posted by: bpl40 12/30/2022 9:20:27 AM (No. 1367346)
Oh..! I was expecting to see California, New York, Massachusetts, New Jersey leading the list.
10 people like this.

Reply 6 - Posted by: felixcat 12/30/2022 10:15:26 AM (No. 1367388)
Ah Virginia - we're a red state now because of Gov Youngkin's election. NOT. And Dems control the lower state house by one vote so not much he can do. And the counties can enact and end local taxes such as property but of course, mine has chosen not to.
4 people like this.

Reply 7 - Posted by: Zigrid 12/30/2022 11:29:22 AM (No. 1367482)
Sometimes small gifts are the best...and I understand the lefties trying to get favor with tax payers...but it's a bit late...those of US who have met our burdens...are digging into our reserve funds and there'll be nothing left for the swamp...or....they will have to look under my mattress...shhhhh!
4 people like this.

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