by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
On February 27th, before the 0.10% state income tax cut had even passed the House, the Salt Lake Tribune said, “The Legislature is on the verge of dropping Utah’s income tax rate from 4.65% to 4.55%, meaning those Utahns with the highest incomes will benefit the...
by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
At our January Legislative Outlook Conference, Governor Cox alluded to the idea that Utah might one day eliminate its income tax. According to January 2024 revenue estimates, income tax revenues were at $3.5bn for just the first half of FY24, begging the question –...
by Malah Armstrong | Jan 31, 2024 | Newsletters, The Utah Taxpayer
“We strive to both create good tax policy and eliminate bad tax policy.” These are the words of Chairman Smith of the Ways and Means Committee to conclude his explanation of the bipartisan tax deal currently being negotiated in Congress. The Tax Relief for American...
by Malah Armstrong | Jan 3, 2024 | Newsletters, The Utah Taxpayer
Did you get a new phone for Christmas? Perhaps one with an unlimited plan? Chances are, you or someone in your household did. And while we all know that phones are overpriced and the plans are expensive, there’s just no way to survive without 24/7 phone access, so...
by Malah Armstrong | Jan 3, 2024 | Newsletters, The Utah Taxpayer
For the last 16 years, Utah has been ranked #1 in Economic Outlook Rank by ALEC’s Rich States, Poor States, and while the future remains bright for Utah, 2024 threatens a new ranking for the first time ever. In 2023, Utah cut its state individual income tax by 0.2%,...
