The vast majority of state and local tax systems are upside-down, with the wealthy paying a far lesser share of their income in taxes than low- and middle-income families. That’s according to the latest edition of the Institute on Taxation and Economic Policy’s Who Pays?, the only distributional ana...
  • athos77@kbin.social
    2·
    9 months ago

    The 10 least regressive jurisdictions are (starting with least): D.C., Minnesota, Vermont, New York, New Jersey, California, Maine, Massachusetts, New Mexico, Oregon. (The first seven of these have tax systems that are not regressive and therefore do not worsen inequality.)