Vermont Business: Auditor Can’t Quantify Benefit of Economic Incentives

The Institute on Taxation and Economic Policy ranks Vermont’s tax system as one of the most progressive in the country because of the steeply graduated income tax, the State earned income tax credit, and the income-sensitized education property tax. But our reliance on regressive sales and municipal property taxes means that higher income Vermonters pay a smaller percentage of income for state and local taxes than low- and moderate-income taxpayers. Read more