January 15, 2015

KRWG: New Mexico Among States With Most Unfair Tax Systems

media mention

“A new study released today by the Institute on Taxation and Economic Policy (ITEP) ranks New Mexico 17th in the nation in terms of having an unfair state and local tax system. This means that 33 states have tax systems that are considered more equitable than ours.

The study, Who Pays?, analyzes tax systems in all 50 states and factors in all major state and local taxes, including personal and corporate income taxes, property taxes, sales and other excise taxes. New Mexico is among the states with a high negative tax inequality index—meaning its tax system actually increases income inequality because those who earn the least amount of money pay the highest tax rates.”

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