Tag: personal income tax

The tax shift returns

Yesterday, Senator Patrick Anderson (R-Enid) filed legislation to replace Oklahoma’s income tax with a flat tax of 2.95 percent. Anderson’s bill would do away with Oklahoma’s current tax brackets and eliminate all income tax deductions, credits and exemptions, including credits… Read more [More...]

Who pays state and federal taxes in Oklahoma — in 2 charts

[Update: A previous version of chart #1 incorrectly said 2011. The chart is based on 2009/2010 American Community Survey data.] 1) 44 percent of Oklahomans owed no federal income tax in 2010. The vast majority were workers, elderly, disabled, or… Read more [More...]

Fallin off a cliff

The tax cut plans being pushed by Oklahoma lawmakers contain plenty of bad ideas, but one may eclipse them all: Governor Fallin’s tax cliff. The tax cliff is the result of a badly designed tax bracket structure. Very few other… Read more [More...]

Watch This: The Economy Bowl

Is Texas beating Oklahoma because it lacks an income tax? That’s been a common argument made by proponents of eliminating Oklahoma’s personal income tax. But a new animated video from OK Policy bust the myths about our rivals to the… Read more [More...]

The myth about Oklahoma’s tax system that we keep repeating

Something we often hear about Oklahoma’s tax system is that the top rate kicks in so low that it affects almost everyone. Most recently, a Tulsa World article stated: The current comparable top rate is 5.25 percent, which kicks on… Read more [More...]

State of the State Analysis: Gov. Fallin is playing catch-up

In her State of the State address, Governor Fallin laid out numerous areas where Oklahoma needs to invest to fix serious problems. She mentioned the shortage of troopers on the highways, the millions still owed to local governments to reimburse… Read more [More...]