Lower-Income Residents Bear Brunt of Regressive Tax Structures in Florida, Texas, Tennessee
• Florida, Texas, and Tennessee don't provide as big of tax savings as claimed, especially for lower-income residents who face higher effective tax rates than the wealthy.
• Property taxes and lack of tax credits help make these states' tax systems regressive, disproportionately affecting the poor.
• Over half of Americans support redistributing wealth through higher taxes on the rich.
• States are moving to cut income taxes, but this tends to benefit high-income households the most.
• Housing costs and other factors still make places like Florida, Texas, and Tennessee attractive destinations despite their regressive tax structures.