Thursday, October 06, 2005

deseretnews.com | 5% tax plan unveiled

deseretnews.com | 5% tax plan unveiled: "5% tax plan unveiled

Huntsman promoting a 'flatter, fairer' state levy
By Bob Bernick Jr. and Lisa Riley Roche
Deseret Morning News
Charitable gifts and having up to three dependent children would be deductible — but not mortgage interest payments — under a 5 percent 'flatter' state income tax Gov. Jon Huntsman Jr. proposed Wednesday.
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Deseret Morning News graphic
Huntsman said the net effect of his tax reform proposal, which he said includes having a filing form the size of a postcard, would be a tax cut for most Utahns now paying 7 percent and a much better ranking for Utah on national tax-burden rankings."

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