Arkansas’ New 15.5% Top Income Tax Rate

The Arkansas legislature adopted major income tax legislation this week, with the accomplished goal of lowering the marginal tax rate on high incomes from 5.9% in 2021 to 5.5% in 2022, with further reductions scheduled for subsequent years that would reduce the top...

Sales Taxes Across the Nation

The Tax Foundation has released an updated list of state and local sales tax rates across the nation, accounting for changes in tax rates that took effect July 1 (the beginning of the fiscal year for most states).  Including both statewide and local sales taxes,...

Collins vs. Brummett on State Income Taxes: A Comment

Over the past few weeks, columnist John Brummett and state Representative Charlie Collins have been engaging in a public debate about Collins’ suggestions for modifying the personal income tax structure in Arkansas.  Collins’ proposal is to eliminate the...
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