New Report: Impact of State Income Taxes on Low-Income Families
[posted from State EITC Policy Update]
CBPP Releases Report on How State Income Taxes Affect Low-Income Families
“The Impact of State Income Taxes on Low-Income Families in 2005” by Jason Levitis and Nicholas Johnson of the Center on Budget and Policy Priorities examines the tax liability of low-income families. “In 19 of the 42 states that levy income taxes, two-parent families of four, with incomes below the federal poverty line, are liable for income tax. In 16 of the 42 states, poor single-parent families of three pay income tax. And 31 of these states collect taxes from two-parent families of four with incomes just above the poverty line,” the report notes. CBPP also created state-specific fact sheets to accompany the report.
Read the report: http://www.cbpp.org/2-22-06sfp.htm
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