US EditionLetter to the editor: Tax increase
- The author, a retiree with modest income, reports a tax increase due to 2021 and 2023 changes in Montana's tax law affecting the 2024 income year.
- These adjustments reduced the top tax rate but eliminated lower rates, causing some taxpayers, including retirees, to pay 17% more in tax than before the cuts.
- While Republicans and Governor Gianforte praised the tax cuts as rate reductions across income levels, some taxpayers question who truly benefits from these changes.
- Specifically, the top tax rate fell from 6.9% to 5.9%, and House Bill 337 aims to reduce it further to 5.65% by 2026, but the overall effect raised taxes for certain groups.
- This situation suggests that tax policy adjustments can produce mixed outcomes, increasing the burden on modest-income retirees despite headline rate cuts.
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vintonjacksoncourier.comReposted by 
Carroll Times Herald
Carroll Times HeraldLetter to the Editor
To the Editor:
·Athens, United States
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
13%
C 63%
R 25%
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