29 taxes out of 32 create little revenue but add bureaucracy
While the Department of Revenue administers 32 taxes, only three of those taxes generate over 90% of General Fund revenue: the individual income tax, the corporate income tax, and the sales and use taxes. The remaining taxes add layers of bureaucracy,
while garnering little revenue for the state. Simplifying the tax structure will help businesses understand and comply with tax codes, while simultaneously shrinking South Carolina's tax bureaucracy.
Source: Campaign website, nikkihaley.com, "Issues"
, Nov 2, 2010