Sunday, July 2, 2023

State and Local Tax Structures

 The following information is from the ITEP's latest study: Who Pays? 6th Edition – State-by-State Data – ITEP

No state and local tax structure is progressive, but some states have a less regressive tax structure than other states.

What makes a state's tax structure less regressive?

Here's what the report indicates:





A state's tax structure is the method of receiving the funds necessary to provide the state's services. 

How much is contributed to the state's coffers is important but who contributes is just as, if not more, important.

Pick a state, go to the report by the ITEP, find the state's tax structure, and analyze it. What changes, if any, would you make to the structure?




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