Oklahoma tax system is regressive

The OK Policy Blog has the details.

The regressivity of the system is obvious since the percentage paid in taxes drops with each increase in income. Those who are in the lowest 20 percent of income earners–making $12,000 or less each year–pay 12 percent (one-eighth) of their income in taxes. The percentage of income paid in taxes falls slightly for each income group above the middle. Those in the top 1 percent–making $250,000 or more each year–pay 8 percent (one-twelfth) of their income.

As much as we argue about taxes, most of us don’t think poor people should pay more in taxes than rich, but that’s how we’ve set up the system in Oklahoma.

The rest of the post includes proposals for remedying this situation.