Source: CVDaily Feed
SALT LAKE CITY (AP) — A new report says Utah’s tax burden is the lowest in 20 years due to pre-recession tax cuts.
The Utah Foundation says Utah’s burden for taxes and fees by state and local governments was $111.60 per $1,000 of personal income in 2012.
Its report says just five years before, Utah’s tax burden was at its 20-year high of $125 per $1,000 of personal income.
The report’s release comes as state legislators prepare to consider tax increases during the 2015 session.
Matthew Weinstein of Voices for Utah Children says Utah’s relatively low tax burden shows that officials may not be raising enough revenue to support education and social services.
The Utah Foundation bills itself as a nonpolitical public policy organization dedicated to producing factual and independent reports.