In Illinois, low-income households pay 14 cents in state and local taxes from every dollar of income. High- income households pay just 7 cents. That’s highly regressive, but not unique. State and local taxation is regressive in 45 of the 50 states.
via Income inequality is at highest since 1920 in US. That is a public health problem.
The editorial board wrote an essay about #inequality: "the Stanford sociologist has calculated that people with million-dollar incomes move across state lines less often than other Americans."
Economic inequality in the United States has reached the highest levels since the 1920s, writes the editorial board. Rewriting state tax laws to place the greater burden on those with greater means is an effective and sensible response.
"Reducing #inequality ought to be a focus of public policy. Rewriting state tax laws to place the greater burden on those with greater means is an effective and sensible response."
"The potential cost of losing a few millionaires also needs to be weighed against the benefits of equitable taxation. By imposing a larger burden on high-income households, states can... slow the troubling expansion of economic inequality."
My work on millionaire taxes is highlighted in today's essay by the NYT editorial board. Progressive taxation, one state at a time
State and Local Taxes Are Worsening Inequality
The new sociology of migration - that elites are embedded in place - matters a lot for social policy
Are State and Local Taxes Are Worsening Inequality?
Someone should rewrite this editorial using TPC numbers on state and local tax distribution (instead of ITEP) and A&S numbers on top incomes (instead of PSZ). The conclusions would probably look quite a bit different.