Business Record: Low- to middle-income families shoulder greater tax burdens than wealthy ones
media mention“The latest “Who Pays” report by the Washington-based Institute on Taxation and Economic Policy shows that the effect of sales taxes and property taxes on lower-income households tilts Iowa’s overall tax system so the poorest pay the highest percentage in taxes.
“Iowa lawmakers for years have compounded inequities in Iowa’s overall tax system with their choices on which taxes to cut and which taxes to raise,” said Peter Fisher, research director at the Iowa Policy Project, part of the Iowa Fiscal Partnership.”