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WalletHub survey puts Indiana near bottom of state tax fairness list
According to the survey, Florida took the 45th spot, just ahead of Mississippi, because our tax system shows that lower income families pay more taxes than any other category.
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On the other end of the scale, the Silver State is the second most dependent state on sales and excise taxes.
WalletHub released its annual survey this morning of “2015’s Most & Least Fair State Tax Systems”, and Florida came in near the bottom of the pack: 45th out of the 50 states.
Most states rely on a combination of property taxes, sales taxes and personal and corporate income taxes to raise funds. WalletHub says that regardless of political affiliation, most Americans think wealthy households should be taxed the most.
Colorado ranked ninth on the list of states with the fairest tax system.
Answers ranged from a low of 2.5 percent tax for households earning $5,000 annually to a high of 16.36 percent tax for households making $2.5 million per year.
And the study claimed it’s an issue that reaches across the aisle.
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WalletHub said it believed this is a first-ever ranking of state and local tax fairness that matches data on what is believed to be fair with real numbers. The personal finance site analyzed all 50 states by factors including how the poor are taxed versus the rich.