Imposing a State Income Tax Could Cost 134,178 Jobs - Press Releases

Imposing a State Income Tax Could Cost 134,178 Jobs - Press Releases

New research shows that the recommendations of the Tax Structure Study Committee would lead to:

• less employment
  larger number of non-working households
  smaller state population
  reduction of 1.40%, per capita in real disposable income

Washington Policy Center, a non-profit research and education organization, used the State Tax Analysis Modeling Program (STAMP) to simulate the Tax Structure Study Committee's 2002 recommended tax scenario: Introducing a flat state income tax rate of 3.8%, reducing state sales tax from 6.5% to 3.5% and eliminating the state property tax.