Vermont Futures Project Vermont is one of six states (plus D.C.) to have a progressive tax system, based on research by the Institute on Taxation and Economic Policy (ITEP).
See the full rankings: https://lnkd.in/eb6TirsV
The index factors in property tax, income tax, and sales tax. The ITEP Tax Inequality Index measures the effects of each state’s tax system on income inequality by assessing the impact state tax policy has on the post-tax incomes of taxpayers at different income levels.
Essentially, it answers the following question: Are incomes more, or less, equal after state taxes than before?
According to ITEP, Forty-four states’ tax systems exacerbate income inequality. Vermont is not one of them.
The Vermont Futures Project is an independent non-partisan organization with a goal of providing a vision that supports and encourages long-term economic growth for Vermont, providing data and recommendations to achieve this goal. The Vermont Futures Project will position the economy in the center of a statewide discussion about Vermont’s future, enriching that discussion with data, benchmarks, and research – demonstrating how a healthy economy provides opportunities for people and contributes to Vermont’s unique quality of life.
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