John Heaton (jheaton) wrote,
John Heaton
jheaton

  • Mood:
  • Music:

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.
Subscribe

  • Tweeting about buses

    Madison Metro held a "Tweet Chat" this afternoon; General Manager Chuck Kamp and Transit and Parking Commission member Margaret Bergamini we…

  • With all do respect

    CAN WE PLEASE STOP BEING RACIST WHEN WE OBJECTIFY WOMEN? #MissAmerica— Hari Kondabolu (@harikondabolu) September 16, 2013 If you follow…

  • Romantic comedies again

    I mentioned the other day that I've been watching a lot of romantic comedies lately, and that I've been guided in my choices by lists of favorite…

  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments