How State Taxes Put a Bigger Pinch on the Poor
Posted 6:00AM 02/13/12
Over the last few months, as Republican presidential candidates have
unveiled a stream of plans to cut taxes, they've consistently focused
their rhetoric on a very narrow spectrum of our tax burden -- income tax
as a percentage of income -- to suggest that the poorest Americans get a
free ride at the expense of the wealthiest.
But, as a recent study points out, income tax is only part of the
equation, and when all the other taxes we pay are factored in --
especially our punishing state taxes -- it's clear that the poor often
pay a far greater percentage of their income in taxes than the rich.
Saturday, February 18, 2012
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