Fast Company: Taxes Could Help Reduce Inequality

According to the latest Who Pays? report from the Institute on Taxation and Economic Policy, which documents the shares of income paid in taxes to state and local governments for all 50 states, “virtually every state’s tax system is fundamentally unfair, taking a much greater share of income from middle- and low-income families than from wealthy families.” Combine regressive state and local tax regimes with a barely progressive federal tax regime, and you find that most Americans pay around 20% of their income in taxes.

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