Can just lower it to 0%. Start with a descending flat tax over 5 years.
“Can just lower it to 0%. Start with a descending flat tax over 5 years.”
Similar to TN’s income tax on investments. When we moved here, that tax was pretty high. Then it was phased out over a few (5, I think) years, descending every year, to zero.
(At least, that’s how I recall it. I could be wrong.)