Lower income residents would likely pay more under Lonegan’s flat tax plan
by Administrator ~ May 28th, 2009

by John Reitmeyer/Statehouse Bureau
Wednesday May 27, 2009, 8:07 PM
The flat income tax Republican gubernatorial candidate Steve Lonegan is pushing as a key component of his campaign would provide huge tax cuts for the rich, but lower income residents would pay more — some twice as much.
Lonegan, the former mayor of Bogota, wants a 2.9 percent flat income tax to replace the state’s graduated system, which charges more for those who make the most and has rates ranging from 1.4 percent to 8.97 percent. MORE>>
Leave a Reply
You must be logged in to post a comment.