A new report from the Congressional Research Service (CRS) – Congress’s nonpartisan research arm – touched a nerve among free-market ideologues, who reacted to the wonky policy brief by accusing CRS of partisanship and calling their analysis into question. But politicians from both parties, as well as these same ideologues, often cite CRS data and…
Let’s hear three jeers for Washington State, which yet again has the ignoble distinction of the most regressive tax structure in the nation – a “soak the poor†system where those with the least pay the highest tax rates. An updated report from the Institute on Taxation and Economic Policy (ITEP) that examines how state…
Recently, the IRS reported the average tax rate of the top 400 highest earning Americans. With average earnings of $200 million per filer, you might think this group paid a tax rate close to the maximum, but you’d be wrong. In 2009, this elite group enjoyed an average tax rate of just 19.9% - closer to someone…