US EditionSouth Carolina's flat tax proposal would initially raise rates for most
- South Carolina's tax proposal would require most filers to pay more initially, according to an analysis by the state Revenue and Fiscal Affairs Office.
- Under the plan, nearly 1.7 million tax filers will see an average increase of $560 for 2026, with most earning above $1 million facing significant hikes.
- About 23% of tax filers would still pay zero in state income taxes, down from roughly 45% currently, as reported by the Revenue and Fiscal Affairs Office.
- The proposal aims to lower the flat tax rate to 3.99%, making it among the nation’s lowest, but results in 714,400 individuals earning between $0 and $40,000 owing more income taxes.
20 Articles
20 Articles
Tax hikes would hit 60% of this red state's residents under new GOP bill
COLUMBIA — Legislation touted by GOP leaders as making South Carolina’s tax code appear more competitive would require most tax filers to pay more initially, according to an analysis by state fiscal experts. Collapsing South Carolina’s tax brackets into a single flat tax rate of 3.99% in 2026 wo...
Almost 60% of this red state's taxpayers would owe more income taxes under GOP bill
COLUMBIA — Legislation touted by GOP leaders as making South Carolina’s tax code appear more competitive would require most tax filers to pay more initially, according to an analysis by state fiscal experts. Collapsing South Carolina’s tax brackets into a single flat tax rate of 3.99% in 2026 would reduce state revenues by $216.6 million overall. But that’s done by broadening and shifting the tax burden: 19.4% of filers would owe less in sprin…
Coverage Details
Bias Distribution
- 47% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
