Nebraskans are left to sit upon an unbalanced three-legged tax stool.
The property tax leg is too long, representing more than 35 percent of the state’s tax revenues. The income tax leg of the stool is too short, reflecting 27 percent of state revenue. Sales tax accounts for 30 percent and the remaining 8 percent comes from other sources.
Proposals before the Legislature seek to shift this balance, but in a manner that could leave middle and low-income Nebraskans with access to fewer services while shouldering a greater percentage of the tax burden.