Wednesday, January 08, 2003

Check out this fascinating analysis of state taxes. The top 10 most regressive states, as measured by the ratio of taxes as a percentage of income paid by the poorest 20% to that paid by the top 1% are Washington, Florida, Tennessee, South Dakota, Texas, Illinois, Michigan, Pennsylvania, Nevada, and Alabama. The results are similar if you compare the top 1% to the middle 60%.