{"id":4781,"date":"2012-02-20T09:32:30","date_gmt":"2012-02-20T15:32:30","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=4781"},"modified":"2012-02-20T09:32:30","modified_gmt":"2012-02-20T15:32:30","slug":"ap-gov-fallins-plan-would-phase-out-income-tax-by-wiping-out-popular-deductions","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2012\/02\/20\/ap-gov-fallins-plan-would-phase-out-income-tax-by-wiping-out-popular-deductions\/","title":{"rendered":"AP: Gov. Fallin&#8217;s Plan Would Phase-Out Income Tax by Wiping Out Popular Deductions"},"content":{"rendered":"<p>The final language of Gov. Mary Fallin\u2019s <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/tag\/income-tax\/\">income tax<\/a> phase-out plan has not made its way into a bill, but details are starting to emerge.<\/p><p>A review of Fallin\u2019s plan by the state Tax Commission, which was <a href=\"http:\/\/mcalesternews.com\/statenews\/x471169910\/oklahoma-Fallin-tax-plan-wipes-out-deductions\">obtained<\/a> by the Associated Press through a state Open Records request, shows that the state would eliminate $888 million in deductions and exemptions.<\/p>\n<blockquote><p>\u2026 including commonly claimed items like mortgage interest and charitable giving, reports the AP.<\/p><\/blockquote><p>According to the review, about 61 percent of Oklahoma taxpayers would see a reduction under the plan; about one-third would see their liability increase.<\/p><p><!--more--><\/p><p>From the AP\u2019s Sean Murphy:<\/p>\n<blockquote><p>The most-used deductions and exemptions total $750 million, including itemized deductions, personal exemptions and adjustments for Social Security, military pay and retirement income.<\/p><p>Deductions for college savings are gone, too, along with payments made to survivors after military members are killed in action and exemptions for the blind and disabled.<\/p><\/blockquote><p><em><\/em>The overwhelming majority of Oklahoma taxpayers claim the $1,000 personal exemption. It\u2019s included on 1.5 million of the state\u2019s 1.64 million tax returns, the AP reports.<\/p><p>The Tax Commission review shows that Oklahomans earning between $30,000 and $40,000 per year would benefit the most.<\/p>\n<blockquote><p>80 percent of taxpayers in those brackets would see their tax liability reduced, the AP writes.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The final language of Gov. Mary Fallin\u2019s income tax phase-out plan has not made its way into a bill, but details are starting to emerge.A review of Fallin\u2019s plan by the state Tax Commission, which was obtained by the Associated Press through a state Open Records request, shows that the state would eliminate $888 million [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[118,53],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/4781"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=4781"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/4781\/revisions"}],"predecessor-version":[{"id":4787,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/4781\/revisions\/4787"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=4781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=4781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=4781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}