Local Taxes Hit Low-Wage Earners the Hardest?

According to analysis by the Institute on Taxation and Economic Policy, local taxes hurt low-wage earners more than the upper class: States and localities have regressive systems because they tend to rely more on sales and excise taxes (fees tacked onto items like gas, liquor and cigarettes), which are the same rate for rich and poor alike. Even property taxes, which account for much of local tax revenue, hit working- and middle-class families harder than the wealthy because their homes often represent Read more […]