June 9, 2014

Moyers & Company: Taxes – Who Pays How Much in Eight Charts

media mention

June 6, 2014 by Joshua Holland

Many states’ income taxes are less progressive than the federal system, property taxes tend to be somewhat regressive and sales and “sin” taxes are very regressive. A 2013 study by the Institute on Taxation and Economic Policy found that those kinds of consumption taxes averaged a “7 percent rate for the poor, a 4.6 percent rate for middle incomes, and a 0.9 percent rate for the wealthiest taxpayers.”

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