Tulsa's Top Earners to Pay Less Taxes After Budget Surplus

Wednesday, 23 Feb 2011 02:05 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Top earners in Oklahoma will pay less in taxes next year after officials decided on Tuesday that they had enough money in state coffers, the Tulsa World reported Wednesday.

Fallin, Oklahoma, taxes, less
Gov. Mary Fallin
The state’s Board of Equalization, which is led by Gov. Mary Fallin, determined there was enough revenue growth combined with other factors to trigger a reduction to 5.25 percent from 5.5 percent for the top income tax bracket.

“I think the best way to help stimulate our economy is to continue to make Oklahoma more business-friendly, and lowering our taxes in the state, I think, will make us a more competitive state moving forward,” Fallin said to the newspaper.

The drop in taxes comes despite an estimated budget shortfall for 2012 of about $500 million due to the loss of federal stimulus and other one-time monies. Fallin said she’s trying to adhere to want voters indicated they wanted in November.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved