January 16, 2015

The New Orleans Advocate: La.’s poor pay higher share in taxes, study shows

media mention

“Louisiana families with incomes below $32,000 per year — about 40 percent of the households — pay an average 10 percent rate in state and local taxes, according to the Institute on Taxation and Economic Policy, a Washington, D.C.-based group that researches the impact of tax policies. The state’s top 1 percent — families with incomes above $471,000 annually — pay 4.2 percent.

The key problem for state government is that the tax system doesn’t produce enough revenue to adequately fund schools, hospitals and infrastructure, Moller said.”

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