Newsmax: Tax Reform Is a Key Driver Toward Economic Reform
media mentionState and local taxes are similarly regressive. According to the Institute on Taxation and Economic Policy, a non-partisan research organization, average state and local taxes as a percentage of income in 2015 are 10.9 percent for the poorest fifth of Americans, 9.4 percent for the middle fifth and 5.4 percent for the wealthiest 1 percent.