Nashville Business Journal: Report: Tennessee’s tax code is kind to the 1 percent
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The results of that survey suggest Americans think a tax system is fair when higher-income households pay a greater percentage of their income than lower-income households (or in shorthand, a progressive tax system). WalletHub then compared the tax systems in the 50 states with these results, using estimates from the Institute on Taxation and Economic Policy.
Interestingly enough, WalletHub found the average state and local tax burden in the U.S. is exactly the opposite of what Americans think is fair: As income levels go up, an individual’s state and local tax burden as a percent of their income goes down.
“The results of that survey suggest Americans think a tax system is fair when higher-income households pay a greater percentage of their income than lower-income households (or in shorthand, a progressive tax system). WalletHub then compared the tax systems in the 50 states with these results, using estimates from the Institute on Taxation and Economic Policy.
Interestingly enough, WalletHub found the average state and local tax burden in the U.S. is exactly the opposite of what Americans think is fair: As income levels go up, an individual’s state and local tax burden as a percent of their income goes down.”