Saturday, March 26, 2022

The Standoff is Over

 Lieutenant Governor Delbert Hosemann and Speaker of the House Philip Gunn issued the following statements. 

Lieutenant Governor Hosemann


“Moving to a flat four percent income tax puts more than $500 million in recurring dollars back in taxpayers’ pockets and makes Mississippi one of the most competitive in the nation in terms of income tax rates.  This tax cut is the largest in Mississippi’s history.  It is also responsible.  Our constituents expect us to fund core government services in infrastructure, education, healthcare, and other areas.  Our budget experts have assured us we can continue to do this and significantly ease the tax burden on hard-working Mississippians.”

 


Speaker of the House Phillip Gunn

– With signage of a Conference Report by House and Senate Conferees, a deal has been
reached on The Mississippi Tax Freedom Act of 2022 and the elimination of the state personal income
tax. The agreement reached is one that both chambers feel confident will lead to further economic
prosperity for the people of Mississippi.

Here are some key points of the plan:

• This will be the largest tax cut in Mississippi history - $525 Million per year by 2026.
• By 2023, Mississippi will allow filers to exempt more income from taxation than any other state
with a personal income tax.
• By 2026, Mississippi will have the 5th-best marginal tax rate of any state with a personal income
tax.
• The legislation calls for the plan to be examined by 2026 to determine the most rapid and prudent
next steps to continue on the path to total personal income tax elimination.
• Effective tax year 2023, the 4% bracket is eliminated. Single filers earn the first $18,300 income
tax-free, with married filers earning the first $36,600 income tax-free.
• The 5% bracket drops to 4.7% for 2024, 4.4% for 2025, and 4.0% for 2026.
• A single filer taking the standard deduction and earning $40,000 saves $417 per year. A married
couple taking the standard deduction and earning $80,000 saves $834 per year.

26 comments:

Anonymous said...

Kelly's Heroes! Excellent! Well played!

Anonymous said...

Eliminates the 4% tax bracket by 2023
Single income taxpayers do not pay taxes on first $18,300 of income
Married filers do not pay taxes on first $36,600 of income
5% bracket cut to 4.7% by 2024, 4.4% by 2025 and 4.0% by 2026
Provides tax relief of $525 million per year by 2026
The plan does not raise any additional taxes and will not cut the grocery tax or car tag fees like prior proposals set forth.

Anonymous said...

They should have never blown smoke up our asses about cutting the sale tax on groceries if they weren't going to do it. Lots of folks gonna be pissed off and these politicians gonna have some splainin to do.

Anonymous said...

Get ready for property tax increases plebes...you must render unto Ceasar what is his.

They've never accomplished a positive thing in two decades, why would you believe them now? You heard it here.

Kingfish said...

I think you mean Head Count. The plebes included the Knights and the Commercial Class

Anonymous said...

It is actually a tax increase. Every penny of the $500 million will be increased on other taxes that will be paid by other groups of people like farmers, small businesses, and so on.

Anonymous said...

Why should we offer tax breaks to “non tax paying citizens of Mississippi” who contribute virtually nothing for the benefit of our state. I say, encourage them to move to states who “promote” the acceptance of the freeloaders. By the way, we already are the poorest state in the union, and will be until Puerto Rico becomes a state.

Anonymous said...

Not a word about the governor who I hope vetoes it. Just because he can.

1) Gunn thought his plan would help him in his run for governor. This won't.

2) Hose thought his plan would help him in his run for governor. This won't.

3) Tate thought his plan would help him remain governor. His veto will.

Anonymous said...

@6:14

Or you could move to a wealthier state...you're free to do that you know and it sounds like you would be much happier.

Anonymous said...

Attn 6:35Apparently you are one of the non paying tax citizens in the great state of Mississippi. Why not move? The state doesn’t need or want you! Try California or New York, if you can speak the languages in those states.

Anonymous said...

They should have done something to help working-class people - cut or eliminate grocery taxes & cut the car registration-tag fees by 30% to 50%. Those affect our pocketbooks every day.

Anonymous said...

Attn 6:56. Grocery taxes and car registration taxes are the fairest taxes in Mississippi. These are equally assessed taxes. If you can not afford them, don’t buy a car or groceries. By the way, there are states that don’t charge grocery taxes, please feel free to look at them.

Anonymous said...

@519, you have tried tgat dribble before. A couple of times. Evidently you are too dumb to read. Or at least to understand what you read.


Income taxes are part of the STATE budget. Real estate taxes are part of CITY and COUNTY budgets.

Cutting the STATE income tax will not affect the CITY or COUNTY budgets, so there would be no reason for those taxes to be increased


Got it? Or do you just like the dribble as it comes out of your mouth and dribbles off your chin?

Anonymous said...

All 11 people following Mississippi politics say...not much.

We will continue to have pot holes, and a gaping hole in our pension system, and ignorant, unhealthy citizens. What changes after this?

Anonymous said...

Grocery taxes should be raised to 20% on all the crap that contributes to obesity.

Anonymous said...

Not sure that this actually reduces the income to the state. If it does, then I predict the state will be in a financial bind in the not to distant future. Their eyes are glazed over by this "surplus". To paraphrase Patton - all surplus is fleeting.

Anonymous said...

@5:19 PM is correct. When that "free" money from WDC runs out the counties will be fixin' to raised property taxes to make up for the lost revenue.

@9:18 PM - right on! Raise taxes on junk food if there is obvious morbid obesity. Make 'em eat fruit or vegetables, not Twinkies!

Anonymous said...

Here's and idea....Eliminate the state income tax altogether and follow other states by raising the fuel tax. With this we at least know that everyone buying gas is paying the tax. That includes cash businesses like drug dealers, freeloaders, and hustlers. It would also include all trucks and cars passing through our state.

Anonymous said...

Grocery taxes should be raised to 20% on all the crap that contributes to obesity. March 26, 2022 at 9:18 PM

Well 9:18, let me see if I can help you with that. The demographic largely responsible for Mississippi's obesity ranking also occupies the largest demographic segment of the SNAP pie chart in Mississippi. Get ready for it: They do not pay grocery taxes!

So, here's what you suggestion: One boy in the classroom has been throwing spitballs. Take all the boys into the hall and paddle them.

Anonymous said...

6:27
Apparently you don’t pay attention! The Gov has been vocal about eliminating the income tax. Much of the language in the bill is from him !!

Anonymous said...

Libs lost. That's all that matters. Libs wanted no cut at all.

Anonymous said...

This is just awful. It has no real effect on a family's bottom line. Yay, we saved $200, so let's all celebrate how great the legislature is. This is a complete failure and embarrassment.

Thank Delbert said...

9:26 - What will you do with 4 bucks a week? One gallon of gas. Twenty miles. Enjoy.

Anonymous said...

The big loser here is Delbert Hosemann who wanted to go on a spending spree.

Starve the beast.

Anonymous said...

Why did the pass this? It does nothing for a family's monthly budget. Just issue a press release and say we will continue to work to eliminate Mississippi's income tax, but we regret to inform you that we couldn't get it done this year. This pretending to have accomplished something garbage needs to end.

Anonymous said...

Not so bold predictions: The state income tax never gets eliminated. The state never gets out of the liquor business. "conservative" legislators will continue to shout from the rooftops about how conservative they are, yet will never enact "conservative" legislation.



Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel

Archives

Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
.