There seems to be a trend brewing, largely in the Southeast. State after state has announced its intention to eliminate their state income tax. South Carolina recently joined this group when Nancy Mace, a candidate for governor, announced her plan to reduce South Carolina’s income tax rate to zero.
This week, the FAIRtax Guys take a look at just how many states have figured out that having no state income tax gives them an advantage over neighboring states, and why some states have a better plan than others.