South Carolina state tax is reasonable (compared to most other states) when it comes to property taxes. Additionally, the Palmetto State reduced the tax rate for its top income tax bracket for the ...
As a result, on January 1, 2023, South Carolina’s top income tax rate dropped from 7% to 6.5%. That 6.5% rate will be phased down to 6% over the next five years, while the bottom two brackets ...
“They all are engaging in monumental tax reform and bringing down their marginal rates.” It was North Carolina, not South Carolina, that used to have the highest top marginal income tax rate ...