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The Poor Pay No Taxes Myth

Poverty

Poverty (Photo credit: Teo's photo)

This is a trope you continue to hear from mentally diminished Fox parrots.

They argue that since the middle class and wealthy and pay income taxes, all those poor people who pay no income taxes are getting a free ride.

Wrong.

A new study of state taxes from the Corporation for Enterprise Development  shows that the poor pay a much higher percentage of their income in taxes — sometimes six times more than the parasitic caste (thanks David Brin) that makes up the top 1%.

The Assets and Opportunity Scorecard breaks down by state what the tax rate burden is for both the top 1% and the poorest 20%.

Kevin Drum at Mother Jones has taken the data and created an enlightening table:

Soaking the Poor, State by State

The most fair places to live? Washington, DC, Vermont, South Carolina and New York.

The most unequal? Nevada, South Dakota, Florida and Washington state.

On average (Mississippi) the poor pay twice as much in all taxes than the extremely wealthy.

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February 7, 2012 Posted by | Uncategorized | , , , , , , , | Leave a comment