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Wednesday, March 20, 2013

SC Senate kills tax hike for high-income South Carolinians - a $200 annual tax

SC Senate kills tax hike for high-income South Carolinians

From the piece:

COLUMBIA, SC — South Carolina’s highest income residents will not pay more in state income taxes.

The state Senate voted overwhelmingly Tuesday to not conform a portion of South Carolina’s tax code with the federal tax code. Making the two codes agree would have resulted in a $200 tax increase, on average, for the state’s wealthiest residents.

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