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Friday, September 21, 2012

ThinkProgress: Every State Taxes Its 1 Percent At A Lower Rate Than Low-Income Households

Most state and municipal taxes and fees are flat and regressive. 

"Some of the worst offenders are Florida, where the top 1 percent pays a 2.1 percent tax rate while the bottom 20 percent of households pay 13.5 percent; Illinois, 4.1 percent and 13 percent, respectively; Nevada, 1.6 percent and 8.9 percent, respectively; Texas, 3 percent and 12.2 percent, respectively; and South Dakota, 1.9 percent and 11 percent, respectively. Washington state though, is the worst, where the richest 1 percent pay a 2.6 percent tax rate while the poorest 20 percent pay a whopping 17 percent in taxes."

Every State Taxes Its 1 Percent At A Lower Rate Than Low-Income Households | ThinkProgress:

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