Wednesday, January 30, 2013

Who pays taxes?

Posted By on Wed, Jan 30, 2013 at 9:56 AM

arktax.JPG
Arkansas is on the cusp of a Republican-led charge to reshape taxation. Where they don't want to cut taxes, they want to dramatically reduce the burden on wealthy taxpayers, by reducing or eliminating the tax on unearned income and by reducing the top income tax brackets. To the extent the money would be replaced, the Republican Party as a matter of official policy has shown its affection for the sales tax, the most punishing of all taxes on poor and middle-income people.

In that context comes a new national report on how the tax burden falls in each state. In sum:

Most significantly, the report concludes that all states have regressive tax systems that ask more from low- and middle-income families than from the wealthiest. It also finds:

- The average overall effective state and local tax rates by income group nationwide are 11.1 percent for the bottom 20 percent, 9.4 percent for the middle 20 percent and 5.6 percent for the top 1 percent

- Ten states with the most regressive tax systems are: Washington, Florida, South Dakota, Texas, Illinois, Tennessee, Arizona, Pennsylvania, Alabama and Indiana.

- States praised as “low tax” are often high tax states for low and middle income families.

Here's a link to the specific findings on Arkansas. The accompanying table shows Arkansas makes the top 10 in socking it to low-income taxpayers.

overall.JPG
  • Institute on Taxation and Economic Policy

Tags:

Favorite

Speaking of Arkansas Taxes

Comments (11)

Showing 1-11 of 11

Add a comment

 
Subscribe to this thread:
Showing 1-11 of 11

Add a comment

More by Max Brantley

Readers also liked…

  • Maddie's Place makes a believer out of a skeptic

    After a long hiatus, I return to Maddie's Place in Riverdale and find the food is a lot tastier than I remembered.
    • Aug 19, 2015
  • The long and winding road: No exception yet for 30 Crossing

    The Arkansas highway department's representative on the Metroplan board of directors told the board today that the department is requesting an exception to the planning agency's cap on six lanes for its 30 Crossing project to widen Interstate 30 from six to 10 (and more) lanes.
    • Jun 29, 2016
  • The plight of the refugees: Dark episodes in Arkansas

    Ernest Dumas reaches into history, some personal, for moments in Arkansas's view of refugees. It was brought to mind by the current crisis in Europe and the political divisions over whether the U.S. should respond to the needs of the displaced.
    • Sep 22, 2015

Most Shared

Visit Arkansas

Forest bathing is the Next Big Thing

Forest bathing is the Next Big Thing

Arkansas is the perfect place to try out this new health trend. Read all about the what, why, where and how here.

Most Viewed

  • UPDATE: Gun bill exemptions approved by Senate; NRA will fight them

    Sen. Jonathan Dismang ran into opposition but still passed his bill to add UAMS, the State Hospital and college athletic events and venues as exceptions to legislation signed yesterday to expand where qualified concealed carry permit holders may take weapons. The NRA will fight the changes in the House.
  • Governor signs concealed carry bill, but amendment coming

    UPDATE: Gov. Asa Hutchinson signed the expanded concealed carry legislation, but some additional legislation is promised, at a minimum to exempt UAMS and the State Hospital from the expanded list of places where concealed weapons are allowed for those with a new permit that requires an additional day of training.
  • Health care in one picture

    Men.
  • VP Mike Pence to speak in Little Rock amid criticism of AHCA by Ark. congressmen

    Vice President Mike Pence will visit Little Rock tomorrow afternoon (Friday, March 24) the Republican Party of Arkansas announced today. He'll speak about health care. The visit will happen the day after the U.S. House of Representatives votes on the Trump Administration's preferred vehicle for Obamcare repeal.
  • The two cities of Little Rock: East/west, black/white

    The Little Rock City Board illustrated this week a community divided over public schools, another blow to the Little Rock School District and another illustration of the need for ward elections to the board.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation