What Would the Founders Do about Our Income Tax?

WOULD THE FOUNDERS BE SATISFIED WITH JUST ‘SIMPLIFYING’ THE INCOME TAX CODE? Among the several tax-related bills we analyzed in our annual guide, The Best & Worst of the General Assembly, is legislation purporting to simplify the state’s tax code and lower taxes on South Carolinians. H.3266 would reduce the state’s current six income tax brackets […]

Playing with the Tax Code

Ever wonder why our sales tax is so high? Part of the answer can be found in this abandoned amusement park. Earlier this week, one of our analysts was scrolling through the South Carolina tax code chapter on sales tax exemptions. The code exempts scores of things: hearing aids, coal, motor fuel, railcars, farm machinery, […]