“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.”
Nearly every state and local tax system in the U.S. is fueling the nation’s inequality crisis by forcing lower- and middle-class families to contribute a larger share of their incomes than their rich counterparts, according to a new study published Tuesday.
Titled Who Pays?, the analysis by the Institute on Taxation and Economic Policy (ITEP) examines in detail the tax systems of all 50 U.S. states, including the rates paid by different income segments.
In 41 states, ITEP found, the richest 1% are taxed at a lower rate than any other income group. Forty-six states tax the top 1% at a lower rate than middle-income families.
I wouldn’t say the first time in history. OG feudalism was great for the wealthy land owners and lords too. This is more of a remix, if anything.