Suspending ND income tax could save taxpayers big
Well, if you’re a family of 4, with a $100,000 income and assume the standard deductions would still take place, you would save approximately $1,634 dollars a year. A family of four making $200,000 would save around $4,041 dollars a year. $300 a year would make it eight thousand one hundred and seventy one dollars. “For the state, I know were projecting over a billion dollars of revenue of the next 2 years so if you look at it at a state perspective that money would no longer be there. For the individual, they would just have to look at their pay stub and the tax would no longer be there,” says Minot Representative Scott Louser.