HERE’S WHY WE’RE LOSING: OUR TAXES ARE HIGHER We’ve leveled a lot of criticisms at the South Carolina Department of Commerce over the last several years, and will no doubt…
NOTHING WRONG WITH MYTHS … JUST DON’T REPEAT THEM AS FACT Since the conclusion of the 2013 legislative session, lawmakers have been blasting out emails that boast of the year’s…
THE REASON HAS NOTHING TO DO WITH IDEOLOGY It’s a tale of two legislative sessions. In one state, lawmakers passed significant tax reform that lowers tax rates across the board,…
THINK THERE ARE GREAT ARGUMENTS FOR ELIMINATING THE CORPORATE INCOME TAX? SO DOES ALMOST EVERYONE ELSE. AND YET . . . In a red, “conservative” state like South Carolina,…
…MORE OR LESS. In the 1990s, politicians spoke constantly about “the children” and/or “education.” Now they tend to talk about “jobs,” as if the whole purpose of government were to…
As we’ve reported in the past, South Carolina’s tax rates are among the least competitive in the nation. Middle class families pay an inordinately high top rate, manufacturers are crippled…
WELL, WHICH IS IT? Despite lawmakers’ disingenuous claims that South Carolina has some of the “lowest taxes in the nation,” the truth is that South Carolina taxpayers and businesses pay far too…
In recent months, some of our state lawmakers have spoken of South Carolina’s tax structure as if it’s the lowest, most business-friendly in the world. Some, indeed, have claimed we…
Legislative leaders are claiming that South Carolina “has the lowest state taxes in the nation.” If only it were true. Unfortunately the claim confuses tax collections and tax rates. It’s…
Sponsored by House Speaker Bobby Harrell and 108 other representatives, the Economic Development Competitiveness Act is the product of Speaker Harrell’s economic development working group. This 49-page bill combines a…
Instead of playing games with tax credits and economic development boondoggles, the best way for the state to attract new business is to lower taxes. In particular, lawmakers should eliminate…
In late April of 2007, the Tax Foundation, a nonprofit, nonpartisan research organization, released a new report that detailed the rising burden of state and local taxation. The report found…
Don’t Fund Income Tax Stimulus with Corporate Tax Hikes By Burnet Maybank I was very pleased to read Governor Sanfords recent call for $205 million in income tax reductions.…
South Carolina’s Uncompetitive Income Tax
HERE’S WHY WE’RE LOSING: OUR TAXES ARE HIGHER We’ve leveled a lot of criticisms at the South Carolina Department of Commerce over the last several years, and will no doubt…
S.C. Politicians’ Talking Points: Myths vs. Facts
NOTHING WRONG WITH MYTHS … JUST DON’T REPEAT THEM AS FACT Since the conclusion of the 2013 legislative session, lawmakers have been blasting out emails that boast of the year’s…
Reforms Pass in North Carolina … But Not Here
THE REASON HAS NOTHING TO DO WITH IDEOLOGY It’s a tale of two legislative sessions. In one state, lawmakers passed significant tax reform that lowers tax rates across the board,…
Why Tax Reform Can’t Happen (Yet)
THINK THERE ARE GREAT ARGUMENTS FOR ELIMINATING THE CORPORATE INCOME TAX? SO DOES ALMOST EVERYONE ELSE. AND YET . . . In a red, “conservative” state like South Carolina,…
How to Create 10,000 Jobs
…MORE OR LESS. In the 1990s, politicians spoke constantly about “the children” and/or “education.” Now they tend to talk about “jobs,” as if the whole purpose of government were to…
The House Tax Plan: True Reform or Something Else?
As we’ve reported in the past, South Carolina’s tax rates are among the least competitive in the nation. Middle class families pay an inordinately high top rate, manufacturers are crippled…
A Tale of Two Tax Proposals
WELL, WHICH IS IT? Despite lawmakers’ disingenuous claims that South Carolina has some of the “lowest taxes in the nation,” the truth is that South Carolina taxpayers and businesses pay far too…
SC’s Tax Structure: Good, Bad, or Just Plain Awful?
In recent months, some of our state lawmakers have spoken of South Carolina’s tax structure as if it’s the lowest, most business-friendly in the world. Some, indeed, have claimed we…
Our Tax Burden: The Nation’s Best – or Worst?
Legislative leaders are claiming that South Carolina “has the lowest state taxes in the nation.” If only it were true. Unfortunately the claim confuses tax collections and tax rates. It’s…
Fact Sheet on H 4478: The S.C. Economic Development Competitiveness Act of 2010
Sponsored by House Speaker Bobby Harrell and 108 other representatives, the Economic Development Competitiveness Act is the product of Speaker Harrell’s economic development working group. This 49-page bill combines a…
Fast Facts: South Carolina’s Corporate Income Tax
Instead of playing games with tax credits and economic development boondoggles, the best way for the state to attract new business is to lower taxes. In particular, lawmakers should eliminate…
National Study Confirms: Taxes in South Carolina are High, Rising
In late April of 2007, the Tax Foundation, a nonprofit, nonpartisan research organization, released a new report that detailed the rising burden of state and local taxation. The report found…
Don’t Fund Income Tax Stimulus with Corporate Tax Hikes
Don’t Fund Income Tax Stimulus with Corporate Tax Hikes By Burnet Maybank I was very pleased to read Governor Sanfords recent call for $205 million in income tax reductions.…