francoHFW
Diamond Member
- Sep 5, 2011
- 79,271
- 9,398
- Thread starter
- #221
EVERYONE pays between 20-30% in all taxes and fees, a flat tax in all but name. Screws the hell out of the nonrich and leads to the 1% getting basically all the new wealth, dupe.Poor Families Pay Double The State And Local Tax Rate As The Rich: StudyLook up state and local rates. HIGHER for nonrich. Then think FEES.Unfortunately, that's what happens, and supply siders don't seem to mind, dupe. They cut fed aid aid to states etc, and then states etc raise taxes and those hit the nonrich. Where ya been?
Where and when has this happened? Effective tax rates for the nonrich (and for everyone for that matter) have dropped. Especially in recent years.
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Marginal federal tax rates are higher at the federal level than the local level. On net, people still pay a negative effective rate for individual taxes, so I'm not sure why you think state and local rates make a difference.
Middle- and low-income Americans are facing far higher state and local taxes than the wealthy, according to a new report assessing tax data from all 50 states. In all, the analysis by the nonpartisan Institute on Taxation and Economic Policy (ITEP) finds that the poorest 20 percent of households pay on average more than twice the effective state and local tax rate (10.9 percent) as the richest 1 percent of taxpayers (5.4 percent).
ITEP researchers say the incongruity derives from state and local governments’ reliance on sales, excise and property taxes rather than on more progressively structured income taxes that increase rates on higher earnings. They argue that the tax disconnect is helping create the largest wealth gap between the rich and middle class that has ever been recorded in American history.
“In recent years, multiple studies have revealed the growing chasm between the wealthy and everyone else,” Matt Gardner, executive director of ITEP, said. “Upside-down state tax systems didn’t cause the growing income divide, but they certainly exacerbate the problem. State policymakers shouldn’t wring their hands or ignore the problem. They should thoroughly explore and enact tax reform policies that will make their tax systems fairer.”
*Note: Look at the portion I've highlighted in bold, for your own good…
You've probably missed the point when I mentioned individual taxes. Your source points out everything, except individual taxes. Again, the poor, as well as everyone, paid lower effective individual income taxes. I don't see how you were able to confuse these simple things…