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Lower income residents would likely pay more under Lonegan’s flat tax plan

by Administrator ~ May 28th, 2009

lonegan and christie

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>>

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