Institute On Taxation And Economic Policy
From all indications, Gov.-elect Mike Pence's 10 percent tax cut plan is dead in the water in the General Assembly. A governor's policies aren't necessary legislators' views.
INDIANAPOLIS | Republican Gov.-elect Mike Pence is standing by his proposal to cut Indiana's income tax rate, despite a nonpartisan study showing most taxpayers would get back less than $100 and a new poll showing most Hoosiers oppose Pence's plan.
At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s.
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