Louisiana’s Tax System is Regressive.
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Louisiana’s Tax System is Regressive. LouisianaState& Local Taxesin 2002 Sharesof familyincomefornon-elderlytaxpayers — 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% Lowest 20% Second 20% Middle20% Fourth 20% Next15% Next4% TOP 1% n Sales & Excise Taxes n Property Taxes n Incom e Taxes n Totalw /FederalO ffset
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Transcript of Louisiana’s Tax System is Regressive.
Louisiana’s Tax System is Regressive.
Louisiana State & Local Taxes in 2002Shares of family income for non-elderly taxpayers
—
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% TOP 1%
n Sales & Excise Taxes
n Property Taxes
n Income Taxes
n Total w/ Federal Offset