Gov. Tate Reeves has signed a bill to overhaul Mississippi’s tax system, aiming to eliminate the state income tax in about 14 years.

Summary

Gov. Tate Reeves signed a tax overhaul bill into law that phases out Mississippi’s income tax over 14 years, aiming to make the state more economically competitive.

Due to typos, the bill nullifies intended economic growth triggers, potentially accelerating tax elimination.

It also cuts the grocery tax from 7% to 5%, raises the gas tax by 9 cents, and changes public employee retirement benefits.

Critics warn of a $2.6B annual revenue loss, risking vital services in the nation’s poorest state. Officials remain divided on the bill’s long-term impact.

  • BigMikeInAustin@lemmy.worldEnglish
    221·
    2 days ago

    Nope, you live in a society.

    Try working at home with unreliable power or water.

    Try driving many tens of minutes to the nearest store on crumbling roads.

    Retail employees and utility service employees will decline in their education.

    Many people will lose their homes and live on the streets. You might have to move to a gated community, and pay for private police patrols.

    There will be more fires as people live in the woods and need to cook or stay warm.

    Doctors will leave the state when patients can’t pay, so hope you don’t get sick. You’ll have to live close to a way to get out of state for medical care.

    Private school will become scarce and more expensive as teachers leave the state.