INSTITUTE INDEX: Regressing further on taxes?
Of the world's 34 most developed nations, rank of the U.S. among the least taxed: 3
Percent of the U.S. gross domestic product represented by total tax revenue -- federal, state, and local -- collected in 2010: 24.8
Percent for the developed countries excluding the U.S.: 33.4
Rank of the U.S. for income inequality among the developed nations due in part to the tax system: 4
Percent decline since 1980 in the U.S. tax system's effectiveness at reducing income inequality: 30
Considering all of the combined state and local income, property, sales, and excise taxes paid, the average overall effective tax rate for the poorest 20 percent of U.S. taxpayers: 11.1%
For the middle 20 percent: 9.4%
For the top 1 percent: 5.6%
Of the five states with the least regressive tax systems*, number in the South: 0
Of the 10 states with the most regressive tax systems**, number in the South: 4
Date on which Gov. Bobby Jindal (R) of Louisiana, which is currently not among the 10 states with the most regressive tax systems, proposed a plan to eliminate his state's income and corporate taxes and pay for the cuts with increased sales taxes: 1/10/2013
Date on which Jindal announced he would "park" the plan, which came under fire for its regressive nature: 4/8/2013
Number of income-tax repeal bills still pending in the Louisiana legislature: 10
Percent of Louisiana's revenue raised by the state income tax: 14 to 17
Percent for most states: 25 to 40
Percent for North Carolina, where there is also talk of eliminating the state income tax: 40
Amount that would have to be carved out of Arkansas' budget if a bill now being considered to cut the state's personal income tax passes: $57 million
Rate by which job growth lagged In states that enacted the biggest 1990s tax cuts compared to states that took a more cautious approach: 1/3
Percent of Louisiana voters who in a recent poll said they opposed Jindal's tax plan: 63
In the same poll, Jindal's approval rating among Louisiana voters: 38%
* 1. Delaware, 2. District of Columbia, 3. New York, 4. Oregon and 5. Vermont.
** 1. Washington, 2. Florida, 3. South Dakota, 4. Illinois. 5. Texas, 6. Tennessee, 7. Arizona, 8. Pennsylvania, 9. Indiana and 10. Alabama.
(Click on figure to go to source.)
Sue is the editorial director of Facing South and the Institute for Southern Studies.