Keene Sentinel: On Tax Day, a Look at New Hampshire’s Budget Battle
media mentionAccording to the Institute on Taxation and Economic Policy, “On average, poor homeowners and renters pay more of their incomes in property taxes than do any other income group — and the wealthiest taxpayers pay the least.”
The institute issues a report every few years noting the effects of state and local tax policies on residents, by income level. It contends a graduated income tax is the fairest tax, property taxes are more regressive and consumption — sales or excise — taxes are most regressive.