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South Carolina wants to accelerate constant push to lower income taxes

South Carolina aims to accelerate income tax cuts, targeting a flat rate of 3.99% by the end of 2026, potentially reaching 2.49% if economic growth continues. The plan seeks to avoid offsetting the cuts with increased sales or property taxes and ensures all taxable income earners pay something. The state attributes this affordability to its growing economy and population, aiming for one of the lowest income tax rates in the Southeast.
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