In 2004, the top Oklahoma Individual Income Tax rate was 7%. Historically, the Gross Production Tax Rate for oil and gas severance was also 7%. At those levels, funding was sufficient for school districts to comply with the class size limitations of HB1017.
That famous song, “I was country, when country wasn’t cool” never meant all that much to me because country was always cool, at least to me. You see I grew up Dibble, America and could get about anywhere I needed on US 62, 81 and 277.
As promised, Congress and the Trump Administration delivered substantial tax reform to tens of millions of American taxpayers and hundreds of thousands of US corporations and businesses before Christmas.