… on this map you'll see in South Carolina, we have the highest state income tax rate in the Southeast. We have a 6% sales tax. We have high property taxes. We have a hovering around 6% state income tax. North Carolina is lower. Georgia is lower. Tennessee just got down to zero. Florida is zero. Texas is zero. We cannot compete with other states when our state income tax is this high. So on this board over here, we have a state budget that's worth about 40.1, 41.6 somewhere in there, just over $40 billion a year. (20:23–20:32)
CLAIM
Asserts that South Carolina's state income tax is around 6%, higher than North Carolina, Georgia, Tennessee, Florida, and Texas.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
