Hutchinson News: Tax Poor
media mention
A new report from the nonpartisan Institute on Taxation and Economic Policy shows that in Kansas families who make less than $20,000 a year pay about 11.1 percent of their pay in state and local taxes.
Those on the other end of the income scales? The report found that families with incomes above $439,000 – the top 1 percent of Kansas earners – pay only 3.6 percent of their incomes in state and local taxes.
The middle class in Kansas – with incomes between $20,000 and $94,000 – pay between 8.9 and 9.5 percent of their incomes in local and state taxes, which is well above the rates on the upper income brackets. The report examined local property taxes, sales and excise taxes, and income taxes in determining the tax inequity in Kansas and across the country. Overall, Kansas ranks ninth worst in the difference between what the rich and poor pay in overall taxes.