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   Twenty years after the fall of the Berlin Wall, Gnter Grass still thinks reunification was a bad idea.
 Forty years of writing from Taylor Branch, James Fallows, Katherine Boo, Marjorie Williams, Joshua Micah Marshall, and more.
 With help from Washington, the for-profit college industry is loading up millions of low-income students with debt they'll never pay off.
 The best recent memoir from republican Washington is a hoax. That should tell you something.
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January 8, 2003
By: STATE AND LOCAL TAXES....Reader Bill Nazzaro pointed me to this report from the Institute on Taxation and Economic Policy. As the chart below shows, state and local taxes, when taken as a whole, are highly regressive. Among the non-elderly, the poorest pay about 11% of their income in total state and local taxes while the rich pay about 7%. The report also has state-by-state breakdowns, so check it out to see how your state comes out.
The bottom line is that when people talk about how high earners pay the lion's share of federal income taxes, you're not getting the whole story. The whole story is this:
Keep this in mind the next time some yammerhead like Steve Forbes starts nattering on about a flat tax. The end result of a flat federal income tax would be to make the entire tax system regressive. Not exactly the "fair" result that the flat taxers pretend to be in favor of. UPDATE: Some stuff has been rearranged and edited to make it clearer. I hope. —Kevin Drum 12:03 PM Permalink | Trackbacks | Comments (0)Comments
November 2009
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