Posted by Bob Lord
Well, our friends at the Arizona legislature have a new distinction of which I'm sure they're quite proud. Arizona has the seventh most regressive tax structure of all 50 states and DC, based on a study by the Institute on Tax and Economic Policy. According to the ITEP study, the bottom 20% of Arizonans by income pay 12.9% of their income in state and local taxes (property, income and sales combined), the middle 20% pay 9.4% of their income, while the top 1% pay just 4.7%.
The ITEP study is located here. The first page has a very well produced interactive map where can you point to any state to see its state tax distribution. If you like this sort of thing, you should check it out.
Shortly after I reported on Phil Mickelson whining about his state tax burden, Al Melvin invited Phil to move to Arizona, because we treat millionaires so much better here. Now Al has data to back up his invitation.
As Leona Helmsley famously said, "only little people pay taxes."
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