Posted on 02/05/2015 9:04:19 AM PST by reaganaut1
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When looking at taxes paid as a share of the income earned, all states have a regressive tax system, which means poorer residents are taxed more than the wealthiest ones. The difference in effective tax rates between income groups, however, varies widely between states. According to “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,” a report released by the Institute on Taxation and Economic Policy (ITEP), Washington has by far the most regressive tax system nationwide. Based on the index score, a ratio calculated from a range of factors to measure income inequality before and after taxes, these are the states with the most unfair tax systems for the average American.
(Excerpt) Read more at finance.yahoo.com ...
I'd like to live in a state (and country) that does not think the purpose of government is redistribution. The "worst" states according to the author are
1. Washington 2. Florida 3. Texas 4. South Dakota 5. Illinois 6. Pennsylvania 7. Tennessee 8. Arizona 9. Kansas 10. Indiana
Good states to consider, with the exception of the basket case of Illinois.
It looks like most, if not all, the states with no income tax are on their “bad” list, making them good choices.
Um, Washington? I mostly hear the lib stuff, but then again some people outside of Michigan think Detroit covers the whole state.
Kansas nails its residents on personal property tax. And this is why so many Kansans register their vehicles, boats and motorcycles out of state.
I like “regressive” tax systems. ‘Bout time the “poor” paid their fair share.
Any report on high state taxes that doesn’t include NY has got to be bogus.
Depends on what they’re doing to get money instead of a state income tax. They’re all getting their money somehow.
I left Seattle for rural KY. There is no income tax in Washington state but the sales tax is punitive. But when compared to the income tax in KY, I’ll take KY, and for another reason: My annual real estate taxes on 32 spectacular acres and a new home are almost identical to those for my friend in Washington for his single acre in a rural area (Maple Valley) PER MONTH.
Everything you need to know is in that single piece of the "article".
Start with "...Distributional...", a catch phrase used so often by our "friends" on the left. Next look at the name of the organization providing this "report": the Institute on Taxation and Economic Policy. More leftist garbage.
"When looking at taxes paid as a share of the income earned..." Excuse me but taxes paid are not really a share of income earned like they wish. It is already established that the richest 5% pay over half the taxes collected but they represent the numbers as the poor (paying 0% taxes) and middle class paying the most.
So it is not surprising that those states with the better tax policies will be at the bottom of their list.
Wolfe county is the cheapest. ( I just looked it up )
Really? And how do those Kansans do this? Inquiring minds want to know.
This article makes it sound like taxing the poor is a bad thing.
“As in other states ITEP identified as having state and local tax systems that exacerbate income inequality, the lack of a personal income tax in Florida disproportionately benefits the wealthiest residents of the state. The lack of income tax also means the state relies more heavily on sales taxes for its revenues. In fiscal 2012, sales and excise taxes accounted for 30.8% of the state’s revenue, the 10th highest such share, and well above the average national rate of 23.7%. The wealthiest 1% of Florida families paid an effective tax rate of less than 2%, nearly the lowest rate in that income group.”
this is bs. how would they know the taxes paid by the wealthiest 2% if they didn’t track the spending habits of the top 1%?
spending taxes are MUCH more fair then income taxes. if i only work, i save money. if i spend it, i pay taxes. if i don’t want to pay taxes, i don’t spend money. simple.
meanwhile, the wealthy don’t sit in their bedrooms rolling in cash. they buy cars, boats, homes, take trips, eat out, etc. and they pay taxes on it all.
the author of the article is an obvious marxist pushing for more oppressive govt and redistribution (by their hands, of course... not by the market)
Not to mention California.
we don’t have an income tax in Washington but everything else is high....property taxes in particular....fees...licenses..sales tax...etc...
Missouri also has this tax.
Something is either wrong with the data, or why does California, Rhode Island and New Jersey - among the highest in state sales - “regressive” - taxes, escape the top ten worst for taxes; since, as the authors are trying to present, high sales taxes hit the “poor” on just about every dime they take home (other than rent) while “high” earners have disposable income not spent in ways that get hit with a sales tax. That is the method by which they claim to derive effective tax rates, by state. But, something in the data seems to be missing or fudged.
Title should be, States with the Least Socialist Taxes.
By “average” they mean “Welfare”
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