Mississippi’s Path to Income Tax Elimination Hinders Racial and Economic Equity

Mississippi’s Path to Income Tax Elimination Hinders Racial and Economic Equity

Mississippi policymakers this year took a big step to worsen the state’s racial income and wealth divides by passing a radical plan to eventually eliminate the state’s income tax. In March, Mississippi enacted legislation to phase down its individual income tax rate from 4 percent to 3 percent by 2030, with further annual reductions triggered by certain criteria until the tax is fully eliminated. While individual households in Mississippi will s…