Fact Check: The impact of a .25-percent income tax cut to Oklahoma taxpayers


How this impacts Oklahomans

  • The Institute on Taxation and Economic Policy has estimate how much this would cut taxes for Oklahomans by income level: 

A .25-percent cut to Oklahoma’s personal income tax would provide little relief to everyday Oklahomans who need it most

2024 Income Bottom 20% Second 20% Third 20% Fourth 20% Next 15% Next 4% Top 1%
Income Range Start Below $23,900 $44,000 $74,900 $128,900 $246,500 $619,000
Income Range End $23,900 $44,000 $74,900 $128,900 $246,500 $619,000 and above
Average Tax Cut (annual) $19 $48 $92 $168 $311 $624 $2,634
Source: Institute for Taxation and Economic Policy

How much state revenue is lost with a .25-percent cut to personal income tax 

  • A .25-percent cut to Oklahoma’s personal income tax cut has been estimated by legislative researchers to cost the state between $235 million and $293 million annually when fully implemented. 


Additional resources 


David Hamby has more than 25 years of experience as an award-winning communicator, including overseeing communication programs for Oklahoma higher education institutions and other organizations. Before joining OK Policy, he was director of public relations for Rogers State University where he managed the school’s external communication programs and served as a member of the president’s leadership team. He served in a similar communications role for five years at the University of Tulsa. He also has worked in communications roles at Oklahoma State University and the Fort Smith Chamber of Commerce in Arkansas. He joined OK Policy in October 2019.