S2E6: Tax and Transfer Progressivity at the U.S. State Level, an Investigation
Update: 2024-05-01
Description
The federal income tax code is progressive. Now, we all know that, but what about state and local taxes? How progressive are they? And how much does progressivity vary among the states? Economist Jonathan Heathcote investigates: "We hear this term a lot progressivity in the tax code. But what does it actually mean? Proportional tax would be if I double your income, I doubled the amount of taxes you pay. A tax would be progressive if when you double your income, you pay more than twice as much in taxes. And then the opposite would be a regressive tax code: I double your income, you pay less than twice as much taxes."
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