At the public hearings of the Tax Restructuring and Equalization Task Force, one of the most commonly heard refrains was the declaration that “Utah does not have a revenue problem.” Would that it were so! Alas, the unfortunate truth is that, after many years of tax cutting, Utah finds ourselves unable to keep up with the needs of a fast-growing state.
Separate research reported by the Utah State Tax Commission and by the Utah Foundation has found that the overall Utah “tax burden,” as it is commonly known, is at a multidecade low relative to our incomes.
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