Public Assets Institute: A Fairer Tax System Would Help Working FamiliesITEP Work in Action
Vermont has a fairer tax system than most states, but we still have work to do. That’s the message from “Who Pays?” released by the Institute on Taxation and Economic Policy (ITEP) in October.
The report looks at how well states distribute taxes based on family incomes. In most states lower-income families pay a higher percentage of their income in state and local taxes than those at the top. That’s the definition of a regressive tax system. Vermont’s is one of the least regressive in the country.