Repeat After Me: The American Tax System is Hardly Progressive at All

The latest numbers on 2014 taxes as share of income¬†are out, and they’re saying pretty the same thing as last year:

Above about $80K a year in income, the American tax system is not really progressive. Like, at all:

The people making $100K a year pay about the same share of income at people making $10 million a year.

This is because — while federal income taxes are reasonably progressive — payroll, state, and local taxes are horribly regressive — particularly in (blush) my home state:

Screen shot 2014-04-19 at 9.32.10 AM

Read it and weep.

Cross-posted at Asymptosis.

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