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Initiative 1098: Fixing the most regressive tax system in the country
Publication Date: June 2010
Publisher(s): Economic Opportunity Institute
Author(s): Marilyn P. Watkins; John Burbank
Series:
Topic: Banking and finance (Taxation and tax policy)
Government (State or regional government)
Type: Fact sheet
Coverage: Washington
Abstract:
A recent study has concluded that Washington State has the most regressive tax system in the country, taxing the lowest 20% of earners over 17% of their income, while the wealthiest 1% pay just over 2%. This fact sheet explains how this is possible, and details the data economists use to determine tax rates.