Why aren’t 99% of Americans complaining about this?
Why aren’t more folks turning out on election day to do
something about it?
In every state, the poorest Americans are paying more state
and local taxes than the richest 1% of our fellow citizens.
The Institute on Taxation and Economic Policy recently issued its 5th annual report on this hugely unequal tax burden, read it here.
It’s a stark reality: the poorest folks (bottom quintile)
are paying 10.9% of their income in state and local taxes of all kinds,
including income, sales and excise taxes. The richest taxpayers (top
percentile) are kicking in only 5.4% of their incomes.
In terms of the actual pocketbook impact, poor folks are
paying twice as much as rich folks.
Why aren’t 99% of Americans complaining about this?
Why aren’t more folks turning out on election day to do
something about it?
Copyright © Richard Carl Subber 2015
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