Texas has the Third Most Regressive Tax System in the U.S.
High-income earners in Texas pay some of the lowest state and local taxes compared to other states. But low-income earners pay for it.
The New York Times recently reported on the latest data from the Institute on Taxation and Economic Policy (ITEP) on how income relates to the share paid in state and local taxes.
Nationwide, the poorest 20 percent of Americans will pay an average of 10.9 percent of their income in state and local taxes in 2015, while the top 1 percent will pay an average of 5.4 percent. That means the share of income that the wealthiest are paying towards state and local taxes is roughly half the share of the lowest-income earners.
In Texas, the inequality is even worse. The top 1 percent only pay, on average, 2.9 percent of their income in state and local taxes – one of the lowest rates in the nation. Meanwhile, the lowest 20 percent of earners pay an average of 12.5 percent of their income in state and local taxes – one of the highest rates in the nation. That comes out to a tax burden for low-income earners that’s roughly 4.3 times as high as for the top 1 percent.
Read more: http://www.burntorangereport.com/diary/29392/texas-third-regressive-tax-system-u-s
[font color=green]We're #3! 
(sarcastically ecstatic since Texas is usually #1 or #2 in the undesirable categories)[/font]
= new reply since forum marked as read
