Favorite

Better than Texas 

click to enlarge smart_talk1-1.jpg

Arkansas's tax system is a little fairer to low-income people than Texas's, but then Texas's, under Gov. Rick Perry, is god-awfully unfair. Perry, a presidential candidate, complained last week about poor people not paying enough in taxes. He said he was "dismayed at the injustice that nearly half of all Americans don't even pay any income tax." The reason they don't pay any federal income tax is because they're too poor to qualify. But they pay other federal taxes, and they pay state and local taxes too.

Both Texas and Arkansas, and most other states, have regressive tax systems, in that taxes take a larger share of income from poor families than rich families According to Citizens for Tax Justice, Texas has the fifth highest taxes for low-income families. The bottom 20 percent of Texas taxpayers pay 12.2 percent of their income in state taxes, while the richest 1 percent pay only 3 percent of their income in state taxes.

Arkansas demands almost as much of poor people - the poorest 20 percent here pay 12.1 percent of their income in taxes - but the Arkansas system is more progressive than Texas's in that it requires more of rich people than Texas does. In Arkansas, the richest 1 percent pay 5.9 percent of their income in state taxes, roughly twice as much as the Texas super-rich.

Favorite

From the ArkTimes store

Speaking of Rick Perry, Class Warfare

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Most Shared

Latest in Smart Talk

  • Small-school champions

    Two Arkansas congressmen are among the 14 sponsors of a bill that would "correct" a provision of the federal school-funding formula they say favors large school districts over small districts.
    • Aug 24, 2011
  • Bipartisan race

    The rise of Republicanism in Arkansas has brought a rare two-party race to the state Senate in Southeast Arkansas, traditionally a Democratic stronghold.
    • Aug 24, 2011
  • One from the Rove playbook?

    At a town hall meeting held in Little Rock last week, staffers of Rep. Tim Griffin handed out pamphlets of "homework" that included a list of Florida activists who have been critical of Republican politicians.
    • Aug 17, 2011
  • More »

Event Calendar

« »

November

S M T W T F S
  1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30  

Most Viewed

  • Arkansas joint ventures

    With dispensary and cultivation applications pending, hundreds of Arkansas entrepreneurs are sitting on go for a medical cannabis gold rush. How will it pan out?
  • Heart of the city

    The Observer pulled a gun on a guy in my driveway Saturday night. It was the first time in 43 years that I've ever pointed a firearm at another human being on purpose.

Most Recent Comments

  • Re: Heart of the city

    • Oddly enough, given that the General Assembly is bought and paid for by the NRA,…

    • on November 17, 2017
  • Re: Arkansas joint ventures

    • Lots of great information. I look forward to more great articles from this source.

    • on November 17, 2017
  • Re: Heart of the city

    • Don't EVER go outside to confront someone unless they're committing a violent felony while you…

    • on November 17, 2017
 

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