Updated on February 23, 2017 by South Carolina Policy Council
SOUTH CAROLINA IS A LOW INCOME STATE — SOMETHING VERY DIFFERENT South Carolina politicos sometimes claim that ours is a “low tax state” and that it has the “lowest taxes in that nation.” The claim is false. It confuses tax collections with tax rates – that is, total amounts sent to Columbia versus the proportion of …
Updated on January 20, 2017 by South Carolina Policy Council
HERE’S WHY WE’RE LOSING: OUR TAXES ARE HIGHER We’ve leveled a lot of criticisms at the South Carolina Department of Commerce over the last several years, and will no doubt level more in the future. Presently, however, an excellent report the agency put together in 2010 deserves for more attention than it ever got when …
SALES TAX HOLIDAYS MASK THE TRUTH: THAT S.C., AMONG THE POOREST STATES IN THE U.S., HAS ONE OF THE NATION’S HIGHEST SALES TAXES At 6 percent, South Carolina has the 16th highest sales tax rate in the nation. That’s far higher than the rates of neighboring North Carolina (4.75 percent, 36th in the nation) and …
Tag: High Taxes
S.C. Is a ‘Low Tax State,’ Right? Wrong.
Updated on February 23, 2017 by South Carolina Policy Council
SOUTH CAROLINA IS A LOW INCOME STATE — SOMETHING VERY DIFFERENT South Carolina politicos sometimes claim that ours is a “low tax state” and that it has the “lowest taxes in that nation.” The claim is false. It confuses tax collections with tax rates – that is, total amounts sent to Columbia versus the proportion of …
Category: Taxes & Regulation Tags: High Taxes, Income Taxes, Sales Taxes
South Carolina’s Uncompetitive Income Tax
Updated on January 20, 2017 by South Carolina Policy Council
HERE’S WHY WE’RE LOSING: OUR TAXES ARE HIGHER We’ve leveled a lot of criticisms at the South Carolina Department of Commerce over the last several years, and will no doubt level more in the future. Presently, however, an excellent report the agency put together in 2010 deserves for more attention than it ever got when …
Category: Commentary, Research Tags: Corporate Taxes, Economic Incentives, High Taxes, Income Taxes
South Carolina’s Killer Sales Tax
Updated on September 14, 2016 by South Carolina Policy Council
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SALES TAX HOLIDAYS MASK THE TRUTH: THAT S.C., AMONG THE POOREST STATES IN THE U.S., HAS ONE OF THE NATION’S HIGHEST SALES TAXES At 6 percent, South Carolina has the 16th highest sales tax rate in the nation. That’s far higher than the rates of neighboring North Carolina (4.75 percent, 36th in the nation) and …
Category: Commentary, Taxes & Regulation Tags: High Taxes, Sales Taxes