Real Taxation Levels

Earlier this year the Institute on Taxation and Economic Policy released the 4th edition of "Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States."  This report finds that "virtually every state’s tax system is fundamentally unfair, taking a much greater share of income from middle- and low-income families than from wealthy families" (Executive Summary, p.1).  The image at right illustrates the regressive reality of the national averages for the percentage of income paid on Read More …