{"id":4510,"date":"2015-01-14T06:58:44","date_gmt":"2015-01-14T11:58:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4510"},"modified":"2015-01-14T06:58:44","modified_gmt":"2015-01-14T11:58:44","slug":"study-finds-local-taxes-hit-lower-wage-earners-harder","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4510","title":{"rendered":"Study Finds Local Taxes Hit Lower Wage Earners Harder"},"content":{"rendered":"

Study Finds Local Taxes Hit Lower Wage Earners Harder<\/a><\/h3>\n

When it comes to the taxes closest to home, the less you earn, the harder you\u2019re hit.<\/p>\n

That is the conclusion of an analysis by the\u00a0Institute on Taxation and Economic Policy<\/a>\u00a0that evaluates the local tax burden in every state, from Washington, labeled the most regressive, to Delaware, ranked as the fairest of them all.<\/p>\n

According to the study, in 2015 the poorest fifth of Americans will pay on average 10.9 percent of their income in state and local taxes, the middle fifth will pay 9.4 percent and the top 1 percent will average 5.4 percent.<\/p>\n

\u201cVirtually every state\u2019s tax system is fundamentally unfair,\u201d the report concludes. \u201cUnfair tax systems not only exacerbate widening income inequality in the short term, but they also will leave states struggling to raise enough revenue to meet their basic needs in the long term.\u201d<\/p>\n

The trend is growing worse, said Meg Wiehe, state policy director at the institute, a nonpartisan research organization based in the nation\u2019s capital. Several states have adopted or are considering policy changes that further lighten the tax load on their wealthiest residents, she said.<\/p>\n

States and localities have regressive systems because they tend to rely more on sales and excise taxes (fees tacked onto items like gas, liquor and cigarettes), which are the same rate for rich and poor alike. Even property taxes, which account for much of local tax revenue, hit working- and middle-class families harder than the wealthy because their homes often represent their largest asset.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Study Finds Local Taxes Hit Lower Wage Earners Harder When it comes to the taxes closest to home, the less you earn, the harder you\u2019re hit. That is the conclusion of an analysis by the\u00a0Institute on Taxation and Economic Policy\u00a0that evaluates the local tax burden in every state, from Washington, labeled the most regressive, to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[242,2663,2664,783],"class_list":["post-4510","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-policy","tag-local-taxes","tag-regressive-taxes","tag-taxes"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4510"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4510\/revisions"}],"predecessor-version":[{"id":4511,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4510\/revisions\/4511"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}