1/8/2024 0 Comments Flat income tax![]() Republicans in the Kansas House of Representatives, meanwhile, have introduced a bill moving the state from a graduated income tax code with rates of 3.1%, 5.2%, and 5.7%, to a flat 5% income tax. In fact, the Kansas Senate passed legislation this week that would implement a 4.75% flat income tax. Legislative leadership in Kansas, as is the case in Ohio and Wisconsin, has also introduced bills to move to a flat tax with a lower rate than what is currently assessed. Wisconsin Senator Majority Leader Devin LeMahieu has introduced legislation to move Wisconsin from a progressive income tax code with a top rate of 7.65% to a flat tax of 3.25%. ![]() Ohio isn’t the only state in the Midwest where legislative leadership has proposed a lower, flatter income tax. “We could take the lead now by passing HB 1, which would give Ohio the lowest income tax rate in the Midwest and make us among the most business and family friendly states in the nation.” “We want Ohio to be the leader, the economic engine in the Midwest and the country,” adds Representative Mathews. HB 1 proponents point out that the bill pays for state income tax relief by putting an end to state spending that helps local officials conceal the full cost of local government from their constituents. The money Ohio state government sends to local governments every year, which would end under HB 1 in order to free up revenue for state income tax relief, subsidizes lower property tax rates than what is needed to fund local government spending.
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