September 19, 2014

Politico: State Taxes and Poverty

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The left-of-center Institute on Taxation and Economic Policy today will release “State Tax Codes as Poverty Fighting Tools,” a report on how states’ tax policies are helping — or hurting — the 15 percent who live in poverty: “The fact is that nearly every state and local tax system takes a much greater share of income from middle- and low-income families than from the wealthy. This ‘soak the poor’ strategy pushes low-income families further into poverty and increases the likelihood that they will need to rely on safety net programs,” the report reads.

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