Monday, April 24, 2006
Can You Name The Last State to Tax Incomes Under $10,000?
If you answered, "Our neighbor to the south, Alabama," then you win. They finally got around to de-regressivizing their tax structure so to exempt the first $12,500 of income from taxes for a family of four. Welcome to the modern era, Alabama. Of course, as the Daily Plan points out, Alabama will likely find some other regressive way to make up the lost revenue, like cutting the public school money, pretty much off-setting any financial gains a working family of four might make with the exemptions.
Posted by S-townMike at 4/24/2006 11:27:00 PM
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