Almost 60% of this red state's taxpayers would owe more income taxes under GOP bill

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COLUMBIA -- Legislation touted by GOP leaders as making South Carolina's tax code appear more competitive would require most tax filers to pay more initially, according to an analysis by state fiscal experts. Collapsing South Carolina's tax brackets into a single flat tax rate of 3.99% in 2026 would reduce state revenues by $216.6 million overall.

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