Oklahoma Policy Insititute (OK Policy) advances equitable and fiscally responsible policies that expand opportunity for all Oklahomans through non-partisan research, analysis, and advocacy.
Income tax provides one-third of all state revenue. The state could not provide essential services without the income tax unless other taxes were drastically increased.
Plans to shift away from income tax would take more from those already struggling to… Read more [More...]
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1. Income tax provides one-third of all state revenue. The state could not provide basic, essential services without income tax revenue unless other taxes were drastically increased. State income taxes pay for salary and… Read more [More...]
1. Higher Property Taxes. Every state without an income tax pays more in property taxes than we do in Oklahoma. In Texas, property taxes are almost three times higher. per capita. Money to fund core services has to come from… Read more [More...]
1. The income tax is essential to public safety funding. The income tax provides the Department of Corrections with $141.2 million, or 30.7 percent of its total appropriations. This is equivalent to the cost of incarcerating more than 9,300 inmates,… Read more [More...]
1. Income tax provides one-third of all state tax revenue. The state could not provide core services without the income tax unless other taxes were dramatically raised.
2. Tax cuts do not make taking care of Oklahomans in need a… Read more [More...]
1. Income tax provides one-third of all state revenue. The state could not provideessential services without the income tax unless other taxes were dramatically increased.
2. Oklahoma’s children are faring poorly in many areas. Almost one in four Oklahoma children… Read more [More...]
1. Income tax is essential to school funding. This year, Oklahoma’s public schools received $743.4 million from the personal income tax, which represents the equivalent of salary and benefits for almost 17,000 public school teachers.
2. Public education is already… Read more [More...]
1. Workforce and infrastructure matter to businesses. An educated workforce, good public schools, stable transportation systems, and safe communities rank higher than state taxes in surveys of what businesses look for when they expand or relocate. Cutting our single largest… Read more [More...]
1. More educated citizens lead to a more prosperous state. Increasing the number of college graduates is vital to our prosperity in a knowledge-driven economy. Oklahoma currently ranks 43rd in the nation in the percentage of the population with a… Read more [More...]
1. Oklahoma’s income tax is important to balance regressive sales and property taxes. Low-income Oklahomans already pay a higher share of their income in taxes than do wealthier families. They pay the most in sales taxes, property taxes on their… Read more [More...]
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