Articles
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Budget & Tax
Phaseout of Oklahoma income tax continues to advance
Legislation that would gradually phase out Oklahoma’s tax on work and investment—the personal income tax—continues to move ahead, clearing its first Oklahoma Senate hurdle this week.Ray Carter | April 7, 2025
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Budget & Tax
Mississippi is beating Oklahoma (again)
Mississippi students are outperforming their Oklahoma peers when it comes to reading. Now, Mississippi officials are seeking to outpace Oklahoma in the race for jobs by eliminating the Magnolia State’s income tax.Jonathan Small | April 7, 2025
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Budget & Tax
Stitt: On taxes, Oklahoma can’t afford to be left behind
Gov. Kevin Stitt is continuing his push to gradually phase out Oklahoma’s tax on work and investment, the personal income tax, noting that other states are slashing their income-tax rates and threatening to leave Oklahoma behind.Ray Carter | April 3, 2025
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Budget & Tax
Arizona’s income tax drops to 2.5%—is a full phaseout next?
Among states that levy an income tax, Arizona boasts the lowest rate in the country. And policymakers are discussing phasing out the tax altogether.Curtis Shelton | April 1, 2025
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Budget & Tax
Competition drives push for income-tax elimination
When lawmakers in Mississippi recently voted to put their state’s personal income tax on a gradual path to full repeal, the impetus for that change was tied in part to the competition between states.Ray Carter | March 31, 2025
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Budget & Tax
Oklahoma House votes to phase out income tax
Members of the Oklahoma House of Representatives have voted to phase out the state’s personal income tax.Ray Carter | March 25, 2025
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Budget & Tax
Mississippi is phasing out its income tax
Mississippi’s political leaders have decided to get rid of the state income tax.Curtis Shelton | March 25, 2025
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Budget & Tax
Oklahoma falls further behind as Mississippi repeals income tax
The gap between Oklahoma and one of its state competitors became even greater this month as lawmakers in Mississippi voted to put their state income tax on a gradual path to elimination.Ray Carter | March 24, 2025
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Budget & Tax
Income-tax elimination can boost budget stability
According to a new report, Oklahoma’s state government would experience more budget stability if the income tax is eliminated and the government instead relies more on existing sales tax collections.Ray Carter | March 20, 2025
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Budget & Tax
Other states have no income tax … and lower property taxes
Five states with no personal income tax also have the same or lower effective property tax rates than Oklahoma.Ray Carter | March 18, 2025