Saturday, February 14, 2015

10 States With the Worst Taxes for Average Americans

In the 10 States With the Worst Taxes for Average Americans, guess which state is the worst of the worst?
Washington’s score of -12.6% was the worst in the nation. The poorest 20% of families paid nearly 17% of their income in state and local taxes, the highest such rate nationwide. With the wealthiest 1% of state households paying just 2.4% — nearly the lowest such rate — Washington’s tax system helped widen the income gap more than any other state. Washington’s poorest residents paid nearly seven times what the wealthiest 1% paid as a share of income, one of the highest such ratios nationwide. While Washington’s tax code is considered by many to be among the nation’s most unfair, residents are better-off financially than in many other states. A typical household earned $58,405 in 2013, one of the higher household median incomes. And while 15.8% of Americans lived in poverty that year, 14.1% did in Washington.
Perhaps our legislature should do something about this. An income tax to replace sales tax perhaps?

No comments: