Easing Tax Burdens Even during the economic turndown over the past six years, Idaho has reduced tax burdens while many other states have been raising taxes—making Idaho an even more attractive place to live and do business. As a result of many tax relief measures, Idaho residents now enjoy the second lowest overall tax burden per capita in the nation—31% below the national average! Idaho has seen an increase each year in the Grocery Tax Credit, the individual income tax rate is the lowest it has been since 1934, and 90% of Idahos businesses are exempt from paying tax on tangible personal property. Idaho is a great place to be!
Posted on: Sat, 26 Apr 2014 02:00:01 +0000
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