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Tuesday, September 27, 2011

State Tax Systems Burden The Poor, While Rich Get Off Easy - HuffingtonPost Article

"Contrary to the rhetoric from Republicans that half of Americans are not paying income taxes, at the state level the poor are paying more than twice as much of their income toward taxes than the super rich. At the same time poverty levels haven risen to highs not seen since 1993, with 15.1 percent of Americans officially classified as poor.

But those in the bottom 20 percent pay closer to 12 or 13 percent of their income in state and local taxes on average. The top 1 percent of income earners only pay 7 to 8 percent, according to the Institute on Taxation & Economic Policy." - Tyler Kingkade, Huffington Post


Go HERE to see this story on HuffingtonPost.com

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