Tag: regressive tax

Should the poor pay more?

In Oklahoma, who pays the highest percentage of their income in taxes? Those with the lowest incomes do, according to the Institute on Taxation and Economic Policy (ITEP). The state’s sales, excise and property taxes, which fall disproportionately on the… Read more [More...]

New remittance law shows why transparency might be a good idea

In the last days of this year’s legislative session, House Bill 2250 passed with little fanfare. HB 2250 puts a  tax on wire transfers–$5 plus one percent on the amount over $500, with proceeds going to the Bureau of Narcotics… Read more [More...]