May 3, 2016

VT Digger: Margolis: Spending less isn’t as simple as it sounds

media mention

“It isn’t just that the wealthy — households in the top 1 percent in Vermont whose average income is $978,400 — paid 7.7 percent of their income in total state and local taxes last year, less than the 10.5 percent paid by middle-income households averaging $45,600, or even the 8.9 percent paid by the lowest-income taxpayers, whose average household income is $11,700. So says the 2015 report from the Institute on Taxation and Economic Policy.”

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