Posted 1/10/2024, 6:15:00 PM
Study Finds 44 States Have Regressive Tax Systems Where Poor Pay More Than the Rich
- 44 out of 50 US states have "upside-down" tax systems where the wealthy pay a lesser share of income in taxes than lower-income people
- Only 6 states plus Washington D.C. have tax systems that reduce inequality rather than worsen it
- The poorest 20% of people pay a tax rate 60% higher on average than the top 1% of households
- The most regressive states for taxation are Florida, Washington, Tennessee, Pennsylvania, and Nevada
- State policies like tax cuts for the wealthy have worsened the inequality in tax systems over time