Post by Logan on Feb 7, 2017 3:40:27 GMT -6
State Senate President Mitch Carmichael said Friday that lawmakers are looking into a proposal that would eliminate West Virginia’s personal income tax and raise the consumer sales tax.
Carmichael, R-Jackson, said he has appointed a special committee that’s considering that proposal and other measures that would overhaul the state’s tax structure. A report is expected by the end of the month.
“You would eliminate the tax on the production of income and shift it to a consumption tax — more of a consumer sales tax,” Carmichael told reporters and editors at the 2017 Associated Press Legislative Lookahead event Friday.
Carmichael said states such as Tennessee, Texas and Florida don’t tax residents’ personal income, and those states’ economies are growing.
See more at: www.wvgazettemail.com/news-politics/20170203/wv-senate-considering-shift-from-income-tax-to-sales-tax-
Carmichael, R-Jackson, said he has appointed a special committee that’s considering that proposal and other measures that would overhaul the state’s tax structure. A report is expected by the end of the month.
“You would eliminate the tax on the production of income and shift it to a consumption tax — more of a consumer sales tax,” Carmichael told reporters and editors at the 2017 Associated Press Legislative Lookahead event Friday.
Carmichael said states such as Tennessee, Texas and Florida don’t tax residents’ personal income, and those states’ economies are growing.
See more at: www.wvgazettemail.com/news-politics/20170203/wv-senate-considering-shift-from-income-tax-to-sales-tax-