The Richest 1% Pay LOWEST Tax Rate In 41 States
January 15, 2024
28,741
1,293
785
7.23%
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13:19Now PlayingThe Richest 1% Pay LOWEST Tax Rate In 41 States
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as posted by the channelAn analysis by the Institute on Taxation and Economic Policy (ITEP) show that lower and middle class citizens are paying way a higher tax rate their rich counterparts. Rayyvana, David Shuster and Wosny Lambre discuss on The Young Turks.
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"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."
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