income tax

Utah enjoys a reputation as a low-tax state, but that reputation rests on a flattering comparison.
Recently released IRS data confirms what common sense has long suggested. Americans are leaving high-tax states like California and New York for lower-tax alternatives.
Tax Day comes with a strange expectation that Americans should feel some sense of pride or gratitude. You’ll hear about refunds, credits, and relief. Politicians talk as if they’ve handed something back to you out of goodwill.
SB 60 proposes lowering the income tax rate from 4.5% to 4.45%, continuing the trend of easing the tax burden on Utahns.
The bill proposes an automatic tax rate adjustment when the state receives a windfall.
This bill reduces the individual and corporate income tax rate from 4.55 percent to 4.5 percent.

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