Oregon ranks 4th in taxing working-poor families
A new report from the Center on Budget and Policy Priorities called “The Impact of State Income Taxes on Low-Income Families in 2011” examines the effects on citizens of the 15 states who still impose income tax on those at or below the poverty line.
Oregon ranked 4th in a study by financial website 24/7 Wall St. naming the top ten states who tax their poor the most. Ahead of Oregon is Hawaii in 3rd, Illinois in 2nd and Alabama in 1st.
The federal poverty line is currently set at $23,018, giving Oregon the 18th largest population living in poverty, reported as 14.6 percent.
According to 24/7 Wall St., a family of four in Oregon living off the lowest taxable income, $20,200, or 88 percent of the poverty line, will pay $274. A family of the same size making $28,773, or 125 percent of the poverty line, will pay $869, then ranking Oregon third in the country.
-- Melissa Walther
Related
Links:
Huffington Post: The 10 States Taxing The Poor Most:
24/7 Wall St.
About 24/7 Wall St.
And Bandon citizens want to increase taxes for an unneeded pool. These people are not playing with a full deck.
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