And while U.S. federal taxes are a progressive tax system, there are many regressive taxes in place as well. But what exactly is a regressive tax, and how does it work? Here’s what you need to know.
A package of legislation in Olympia aims to reduce growing wealth inequality by reforming Washington's tax code. With the ...
Washington’s proposed Road Usage Charge under House Bill 1921 is being marketed as a forward-thinking solution to declining gas tax revenues.
Washington has one of the most regressive tax systems in the country. The lowest-income residents pay nearly three times more of their income in taxes than the wealthiest, while a handful of ultra ...
Generating revenue for government through the imposition of tariffs on imported consumer goods amounts to a regressive tax scheme.
Reducing or getting rid of grocery taxes can make a state’s tax system less regressive, but it comes at a time that states face the potential of additional costs because of federal budget cuts.
The report’s 7th edition was issued at the start of last year. ITEP ranks the states from most regressive to most progressive. A tax system is considered progressive if wealthy people pay a higher ...
Florida Governor Ron DeSantis’s push to eliminate property taxes would require the state to find replacement revenue of ...