Abolishing the State Personal Income Tax

As your next Governor, I am committed to collaborating closely with members of the General Assembly to comprehensively examine and address the issue of personal income tax in Indiana. My goal is to strategically evaluate the impact of such a change on our state’s economy, revenue, and citizens.

Currently, Indiana imposes a flat 3.15% tax on personal income. However, I recognize that nine states have successfully opted not to tax personal income, and I believe Indiana should join their ranks. These states include Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

To achieve this, we will:

1. Conduct a thorough analysis: We will assess the potential benefits and challenges associated with eliminating the personal income tax. This includes evaluating its impact on state revenue, economic growth, and individual households.

2. Engage stakeholders: I will actively involve citizens, businesses, and experts in this critical decision-making process. Their insights will guide our approach and ensure transparency.

3. Explore alternative revenue sources: While abolishing the personal income tax, we will explore other avenues to maintain essential services and infrastructure funding.

4. Learn from successful models: We will study the experiences of the nine states that have already chosen this path. Their best practices and lessons learned will inform our strategy.

By pursuing this goal, we aim to make Indiana the tenth state to free its residents from personal income tax burdens. Let’s work together to create a tax system that fosters economic prosperity and supports the well-being of all Hoosiers!