Thursday, January 11, 2024

richest 1% pay less local taxes in 41 states

currently in the u.s., the top 1% of wage earners pay less in state and local taxes than all other wage earners in 41 states.

as an example, the richest 1% in florida have a 2.7% tax rate, but the lowest-income folks in that state pay 13.2% - almost 5 times more.