fbpx
Accelerating Arizona’s New Tax Structure: Economic Impacts of Implementing the 2.50% Flat Tax in 2023

Accelerating Arizona’s New Tax Structure: Economic Impacts of Implementing the 2.50% Flat Tax in 2023

Share
In April, the Common Sense Institute (CSI) released its economic simulation of the long-run impacts of moving from an 8.00% progressive income tax structure to a 2.50% flat income tax in Arizona. That analysis found the state would have 58,800 more workers and add $11.9 billion to its economy by 2032 due to this change.

Arizona Jobs and Labor Force Update: April 2022

Arizona Jobs and Labor Force Update: April 2022

Share
Arizona added 16,100 nonfarm jobs in April (+0.53%) and the Unemployment Rate declined by 0.1 percentage points to 3.2% – the lowest unemployment rate ever recorded in the state. Revisions to March were minor, and the non-farm measure of employment continues to show a decline last month even as total employment (measured by another survey) continued increasing.