Cutting Oklahoma’s top income tax rate: Who benefits?

Unless the legislature acts to stop it, another state income tax cut will take effect January 1, 2012. When the cut is fully phased-in, revenues will be reduced by $120 million. An Oklahoma Policy Institute fact sheet shows that the benefits go disproportionately to the wealthiest Oklahomans.

Read the fact sheet
Read the blog post
Download ITEP’s analysis

Tulsa World’s coverage

The Oklahoman’s response

Click here for the Institute for Taxation and Economic Policy’s 2009 study on the distribution of state and local taxes by income level in Oklahoma