CNBC: Do the wealthy pay lower taxes than the middle class?
media mention“A new study finding an “unfair,” rich-poor balance in state and local taxes has been getting big traction on the Web this week.
The study, from the Institute on Taxation and Economic Policy, found that “virtually every state’s tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from wealthy families.” It added that state and local tax systems are “indirectly contributing to growing income inequality by taxing low- and middle-income households at significantly higher rates than wealthy taxpayers.””