Wednesday, April 18, 2012

Wealthy are free-riders

A sorry story of transit and taxes: State legislators support the wealthy over the many who need mass transit - Pittsburgh Post-Gazette: "Another problem is that our entire tax system is set up to reward people who least need it, even as the rest of us see a steady decline in our standard of living and in the public services we have a right to expect. Transit is only one example; education is another.

A study by the Institute on Taxation and Economic Policy showed that in Pennsylvania if your family income was between $35,000 and $56,000 in 2007 (that is, if your income put you in the middle 20 percent), you typically paid over 9 percent of your income in state and local taxes. But if you were in the top 1 percent -- with a household income in 2007 of more than $428,000 -- you typically paid less than 4 percent of your income in state and local taxes after federal offsets."

'via Blog this'

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