While U.S. tax policy generally appears to favor the wealthy, the tax advantages the wealthiest 1% enjoy are even stronger in some states than in others.
8.1% • State & local tax revenue from income taxes:• Effective tax rate for middle 20% of earners:28.4% 6.7%• State & local tax revenue from sales taxes:• Effective tax rate for top 1% of earners:• State & local tax revenue from sales taxes:• Effective tax rate for top 1% of earners:$1.30 million • State & local tax revenue from income taxes:• Effective tax rate for middle 20% of earners:0.0% 6.
33 million • State & local tax revenue from income taxes:• Effective tax rate for middle 20% of earners:35.4% 3%• State & local tax revenue from sales taxes:• Effective tax rate for top 1% of earners:• State & local tax revenue from sales taxes:• Effective tax rate for top 1% of earners:$1.34 million • State & local tax revenue from income taxes:• Effective tax rate for middle 20% of earners:25.2% 2.
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