{"id":1108,"date":"2024-01-10T18:31:37","date_gmt":"2024-01-10T18:31:37","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/01\/10\/forty-four-of-50-us-states-worsen-inequality-with-upside-down-taxes\/"},"modified":"2024-01-10T18:31:37","modified_gmt":"2024-01-10T18:31:37","slug":"forty-four-of-50-us-states-worsen-inequality-with-upside-down-taxes","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/01\/10\/forty-four-of-50-us-states-worsen-inequality-with-upside-down-taxes\/","title":{"rendered":"Forty-four of 50 US states worsen inequality with \u2018upside-down\u2019 taxes"},"content":{"rendered":"<p>New research found that poorest fifth pay a tax rate 60% higher, on average, than the top 1% of households<\/p>\n<p>A total of 44 of the 50 US states worsen inequality by making the wealthy pay a lesser share of their income in taxes than lower income people, a new analysis has found.<\/p>\n<p>State and local tax regimes are \u201cupside-down\u201d, the new research finds, with weak or non-existent personal income taxes in many states allowing richer Americans to avoid tax. A reliance on sales and excise taxes, considered regressive because they disproportionately impact the poor, has helped fuel this inequality, <a href=\"https:\/\/itep.org\/whopays-7th-edition\/\">according to the report<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/us-news\/2024\/jan\/10\/states-wealth-inequality-taxes\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New research found that poorest fifth pay a tax rate 60% higher, on average, than the top 1% of households A total of 44 of the 50 US states worsen inequality by making the wealthy pay a lesser share of their income in taxes than lower income people, a new analysis has found. State and &#8230; <a title=\"Forty-four of 50 US states worsen inequality with \u2018upside-down\u2019 taxes\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/01\/10\/forty-four-of-50-us-states-worsen-inequality-with-upside-down-taxes\/\" aria-label=\"Read more about Forty-four of 50 US states worsen inequality with \u2018upside-down\u2019 taxes\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1108","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/1108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=1108"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/1108\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=1108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=1108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=1108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}