Consumption taxes (like sales taxes on food and clothing, gas taxes, and so-called sin taxes on cigarettes and liquor) fall on the middle and working classes’ backs far more than the backs of the wealthy. The Institute on Taxation and Economic Policy has found that while the bottom fifth of earners devote 10 percent of their income to state and local taxes, the top 1 percent pay only 5 percent of their income to these taxes.
March 2, 2015
The Herald News:
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