Eliminating MS Sales Tax Would Encourage Job Growth

Date: January 08, 2021

Small business job growth continued in December, but the gains remain uneven as certain sectors of the economy are slowing due to state-mandated business closures and consumer resistance to spend, according to NFIB’s monthly jobs report.

State-specific data is unavailable, but NFIB State Director Dawn Starns said, “One thing that would help encourage job growth in Mississippi in the coming year would be for lawmakers to approve a plan to eliminate the state income tax,” Starns said. Small businesses are typically organized as pass-through entities, meaning they pay income taxes at the individual rate rather than the higher corporate rate, she said.

“Reducing the tax burden on small business owners would make it easier for them to reinvest in their businesses and hire more people,” Starns said.

 

Click here to view the full jobs report.

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