SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Top News News

The Economic Times

Top News / The Economic Times

details

No income tax? This US state proposal ignites hype and serious budget fears

No income tax states US: South Carolina is set to gradually eliminate personal income tax. This move promises a simpler tax system but raises significant financial worries. While supporters hail the change, critics warn of potential risks to public services. The legislation aims for full elimination over time, with benefits expected to grow for higher earners.

4 Apr 2026 12:31 am