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New study says that under Walker, everyone in Wisconsin pays higher taxes than the wealthiest
http://www.uppitywis.org/blogarticle/rich-get-richer-new-study-says-under-walker-everyone-wisconsin-pRICH GET RICHER: New study says that under Walker, everyone in Wisconsin pays higher taxes than the wealthiest one percent
Scott Walker frequently gabs about how his tax-cut policies are benefitting many taxpayers when, in reality, Wisconsin's middle class and poor pay are now paying higher tax rates than the wealthiest state residents.
If you're not among the top 20 percent of Wisconsin taxpayers, you're paying a higher, combined state and local tax rate than those wealthiest state residents. And the state's very most wealthy residents -- the top one percent -- pay a measley 6.2% in those taxes, less than everyone else and nearly three points lower than the poorest state taxpayers are made to hand over.
The study shows that every state in the nation takes a higher percentage of income in local and state taxes from middle class and poor taxpayers than from the wealthy, who benefit through what amounts to an upward income redistribution scheme. McNally relayed the numbers for Wisconsin:
There’s a simple explanation for the gross—in every sense of the word—disparity. Most state revenue everywhere is raised through sales and excise taxes hidden in the price of every purchase.
Scott Walker frequently gabs about how his tax-cut policies are benefitting many taxpayers when, in reality, Wisconsin's middle class and poor pay are now paying higher tax rates than the wealthiest state residents.
If you're not among the top 20 percent of Wisconsin taxpayers, you're paying a higher, combined state and local tax rate than those wealthiest state residents. And the state's very most wealthy residents -- the top one percent -- pay a measley 6.2% in those taxes, less than everyone else and nearly three points lower than the poorest state taxpayers are made to hand over.
The study shows that every state in the nation takes a higher percentage of income in local and state taxes from middle class and poor taxpayers than from the wealthy, who benefit through what amounts to an upward income redistribution scheme. McNally relayed the numbers for Wisconsin:
The lowest 20% in income in Wisconsin pay 8.9% of their family income in state and local taxes. The second lowest 20% pay 10%. The mid 20% pay 10.2%. So does the fourth 20%. That’s 80% of taxpayers.
Now look what happens to the top 20% in family income. The lowest 15% of that wealthy group pay 9.2% in state and local taxes.
The next 4% pay 7.8%. And the top 1% pays only 6.2% in state and local taxes.
There’s a simple explanation for the gross—in every sense of the word—disparity. Most state revenue everywhere is raised through sales and excise taxes hidden in the price of every purchase.
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