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Thursday, November 19, 2009

New Report Ranks Pennsylvania Among 'Terrible 10' Most Regressive Tax States

Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy.

Other highlights (or low lights) from the study:
* Pennsylvania families earning less than $19,000 - the poorest fifth of Pennsylvania taxpayers - pay 11.3% of their income in Pennsylvania state and local taxes.

* Middle-income Pennsylvania taxpayers - those earning between $35,000 and $56,000 - pay 9.6% of their income in Pennsylvania state and local taxes.

* The richest Pennsylvania taxpayers - with average incomes of $1,369,600 - pay only 5% of their income in Pennsylvania state and local taxes.

* After accounting for federal deduction offsets, the discrepancy is even starker: the poorest fifth pay 11.2% of their income in state and local taxes, middle-income families pay 9.1%, and the richest Pennsylvanians pay 3.9%.

* Washington, Florida, South Dakota, Tennessee, Texas, Illinois, Arizona, Nevada, Pennsylvania, and Alabama were named as the 10 Most Regressive Tax States. Pennsylvania ranked ninth.
The review the entire report, "Who Pays? A Distributional Analysis of the Tax Systems in All 50 States," follow the link below:

New Report Ranks Pennsylvania Among 'Terrible 10' Most Regressive Tax States

1 comment:

Anonymous said...

at least we're not on top of this list...it's sunday...maybe i cancatch ed rendell on a football pre game show...he is hard at work