Here’s that study mentioned earlier on the disproportionate tax burden faced by poor and lower-income working families. For example:
When all Arkansas taxes are totaled up, the study found that:
* Arkansas families earning less than $15,000—the poorest fifth of Arkansas non-elderly taxpayers—pay 12 percent of their income in Arkansas state and local taxes.
* Middle-income Arkansas taxpayers—those earning between $26,000 and $42,000—pay 11.7 percent of their income in Arkansas state and local taxes.
* But the richest Arkansas taxpayers—with average incomes of $911,500—pay only 6.8 percent of their income in Arkansas state and local taxes.
As I said before, you may be sure the powers that be want it just this way.
PS FROM ARK. ADVOCATES — Please note that the 6.8% burden for the richest 1 percent of taxpayers cited in the press release is before they claim the federal offset on the state and local taxes they pay. Once they do that, their effective state and local tax burden falls to 5.9%.