Public News Service: Report: NM Tax Overhaul Would Benefit Kids, Families

Regressive tax systems hurt children and families, according to a new report from the Institute on Taxation and Economic Policy – and by that standard, it says New Mexico has the 19th-worst tax system in the United States.

The study showed that as a share of their income, the lowest-income New Mexicans are paying state and local tax rates almost double those of the state’s wealthiest residents.

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