this post was submitted on 09 Jan 2024
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Michigan

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Who knew? 🤦‍♂️

Randiah Camille Greene writes…

We’re one of 41 states where the top 1% pay a lesser share of their income in taxes than low- and middle-income families.

The [Institute on Taxation and Economic Policy's] study found that Michigan is one of 41 states that tax the top 1% less than every other income group. According to the study, the average effective state and local tax rate is 7.1% for the lowest-income 20% of individuals and families, 9.7% for the middle 20%, and 5.7% for the top 1%. Michigan also reportedly has the 34th most regressive tax system in the nation.

I'd tell you to contact your congressman or local representative but I'd feel like I was prankin' y'all. /cynic

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[–] SpaceNoodle@lemmy.world 3 points 2 years ago

It's the entire country, not just Michigan ...