New research found that poorest fifth pay a tax rate 60% higher, on average, than the top 1% of households
  • MNByChoice
    771·
    10 months ago

    The least regressive jurisdictions are DC, Minnesota, Vermont, New York and California.

    • Flying Squid@lemmy.world
      271·
      10 months ago

      Note that those are also generally desirable places to live, so rich people live there anyway, making the whole ‘they’ll just move if taxes are high’ argument bullshit.

    • nbafantest@lemmy.world
      10·
      10 months ago

      It’s crazy how fast the California tax rate scales as you make more. The difference between like 50k, 100k, 150k and 200k alone is wild. Each step the rate scales so fast

      • MNByChoice
        7·
        10 months ago

        It is wild that California has 5 steps to $66,295. After that the groupings are huge. Very interesting.

          • TigrisMorte@kbin.social
            72·
            10 months ago

            True. Those side effects being things like Health Care, Roads, Schools, First Responders, etc…

            • nbafantest@lemmy.world
              19·
              10 months ago

              Unfortunately, California is facing a massive budget deficit and cuts to all those programs due to people moving away

              • TigrisMorte@kbin.social
                31·
                10 months ago

                Yup. The folks that over relied upon office building taxes are indeed learning they should have seen it coming. Your point remains irrelevant however as those services shall still exist in CA while still not existing in TX.