Tax hikes would hit 60% of this red state's residents under new GOP bill

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.

But that’s done by broadening and shifting the tax burden: 19.4% of filers would owe less in spring 2027, while a whopping 59.4%...