Why we're broke almost every year
Breaking news: Alabama has a horrible tax system.
OK, you might already have heard that. Perhaps you read about it somewhere. Or maybe you've just encountered it in everyday life. But in case you weren't sure before, a new study by the Center on Budget and Policy Priorities has confirmed that beating up on poor people and relying too much on too-high sales taxes isn't a formula for fiscal success.
You already knew that the Alabama income tax threshold is an absurdly low $4,600 a year for a family of four. Today's rather depressing fun fact: "[A] person making $30,000 a year pays the same income tax rate as a person making $300,000 a year."
Did someone mention constitutional reform?
OK, you might already have heard that. Perhaps you read about it somewhere. Or maybe you've just encountered it in everyday life. But in case you weren't sure before, a new study by the Center on Budget and Policy Priorities has confirmed that beating up on poor people and relying too much on too-high sales taxes isn't a formula for fiscal success.
You already knew that the Alabama income tax threshold is an absurdly low $4,600 a year for a family of four. Today's rather depressing fun fact: "[A] person making $30,000 a year pays the same income tax rate as a person making $300,000 a year."
Did someone mention constitutional reform?
posted by Alabamian at 6:15 AM
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