News

Idaho’s poor pay more in state, local taxes, while wealthy pay less, this study says

The poorest Idahoans spend a larger share of their income on state and local taxes last year than wealthier Idahoans did, a new study says.

The lowest-earning 20 percent of Idahoans (earning less than $20,400 per year) spent 9.2 percent of their family income on taxes last year, the study says. The highest-earning 20 percent (earning at least $88,200 per year) spent 7.5 percent on taxes.

The study, "Who Pays?" by the Institute on Taxation and Economic Policy, looked at expenditures on income, property and sales/excise taxes. It did not include federal taxes. The institute, a nonprofit think tank n Washington, D.C., says it provides "a voice for working people" in tax debates.

By Nicole Blanchard

[email protected]

Read more here: https://www.idahostatesman.com/news/politics-government/article220231390.html#storylink=cpy

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.