Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
How amazon paid no taxes
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="rickyb" data-source="post: 4006507" data-attributes="member: 56035"><p><a href="https://itep.org/fairness-matters-a-chart-book-on-who-pays-state-and-local-taxes-2019/#1" target="_blank">Fairness Matters: A Chart Book on Who Pays State and Local Taxes</a></p><p></p><p><span style="font-size: 22px"><strong>Overall State & Local Tax Distribution</strong></span></p><p></p><p><span style="font-size: 18px"><strong>1. State and local tax systems levy the highest effective tax rates on the lowest-income taxpayers.</strong></span></p><p><a href="http://itep.org/wp-content/uploads/Chart-1.jpg" target="_blank"><img src="http://itep.org/wp-content/uploads/Chart-1-1024x791.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p></p><p>Virtually every state tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from high-income families. On average, the poorest 20 percent of taxpayers spend 11.4 percent of their income on state and local taxes, which is 50 percent higher than the 7.4 percent average effective rate for the top 1 percent.</p><p></p><p>While reasons for this disparity vary by state, an overreliance on regressive consumption taxes and the lack of a sufficiently robust personal income tax are two of the most common features of state and local tax codes.</p><p></p><p><em>Note: As with the rest of the data underlying this chart book, these figures come from the sixth edition of ITEP’s Who Pays? report, published October 2018.</em></p><p></p><p></p><p><span style="font-size: 18px"><strong>2. Unlike every other income group, the top 5 percent of earners pay a smaller share of state and local taxes than their share of income.</strong></span></p><p><a href="http://itep.org/wp-content/uploads/Chart-2.jpg" target="_blank"><img src="http://itep.org/wp-content/uploads/Chart-2-1024x791.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p></p><p>The nation’s income is concentrated at the top. For example, the top 1 percent alone have a combined income that exceeds the bottom half of individuals and families.</p><p></p><p>Despite this imbalance, state and local tax systems typically ask less of high-income families than of families of more modest means. The top 5 percent of earners pay a smaller share of state and local taxes than their share of income. The bottom 80 percent of families, by contrast, pay a larger share of state and local taxes than the share of income they earn.</p></blockquote><p></p>
[QUOTE="rickyb, post: 4006507, member: 56035"] [URL="https://itep.org/fairness-matters-a-chart-book-on-who-pays-state-and-local-taxes-2019/#1"]Fairness Matters: A Chart Book on Who Pays State and Local Taxes[/URL] [SIZE=6][B]Overall State & Local Tax Distribution[/B][/SIZE] [SIZE=5][B]1. State and local tax systems levy the highest effective tax rates on the lowest-income taxpayers.[/B][/SIZE] [URL='http://itep.org/wp-content/uploads/Chart-1.jpg'][IMG]http://itep.org/wp-content/uploads/Chart-1-1024x791.jpg[/IMG][/URL] Virtually every state tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from high-income families. On average, the poorest 20 percent of taxpayers spend 11.4 percent of their income on state and local taxes, which is 50 percent higher than the 7.4 percent average effective rate for the top 1 percent. While reasons for this disparity vary by state, an overreliance on regressive consumption taxes and the lack of a sufficiently robust personal income tax are two of the most common features of state and local tax codes. [I]Note: As with the rest of the data underlying this chart book, these figures come from the sixth edition of ITEP’s Who Pays? report, published October 2018.[/I] [SIZE=5][B]2. Unlike every other income group, the top 5 percent of earners pay a smaller share of state and local taxes than their share of income.[/B][/SIZE] [URL='http://itep.org/wp-content/uploads/Chart-2.jpg'][IMG]http://itep.org/wp-content/uploads/Chart-2-1024x791.jpg[/IMG][/URL] The nation’s income is concentrated at the top. For example, the top 1 percent alone have a combined income that exceeds the bottom half of individuals and families. Despite this imbalance, state and local tax systems typically ask less of high-income families than of families of more modest means. The top 5 percent of earners pay a smaller share of state and local taxes than their share of income. The bottom 80 percent of families, by contrast, pay a larger share of state and local taxes than the share of income they earn. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
How amazon paid no taxes
Top