John Heaton (jheaton) wrote,
John Heaton
jheaton

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Poor Paying More: State and Local Taxes Rigged for the Rich

Josh Marshall's Talking Points Memo alerted me to the following:

By an overwhelming margin, most states tax their middle- and low-income families far more heavily than the wealthy, according to a new study by the Institute on Taxation & Economic Policy.

  • Nationwide, middle-income families pay almost 10 percent of their earnings in state and local taxes and poor families pay more than 11 percent. But the richest people effectively pay only 5.2 percent of their income in state and local taxes.
  • Since 1989, state and local taxes have risen on low- and middle-income taxpayers, but have fallen on the very wealthiest.
Read more about this at tompaine.com.
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