Yep. And, of course, Indiana is among the top ten of charging the poor more in taxes than the rich. Well, let’s see now, we are No. 4 in ranking of toxic states, and we are in the top ten states that pay the lowest wages.
In the institute’s “Terrible 10” states, the bottom 20 percent of earners pay up to seven times as much of their income in taxes as the top 1 percenters, the report says. These include Washington, where the poorest residents pay 16.8 percent of their income in taxes while the wealthiest sliver pays just 2.4 percent, followed by Florida, Texas, South Dakota, Illinois, Pennsylvania, Tennessee, Arizona, Kansas and Indiana.
Conservatives, since Ronald Reagan, have spouted the “trickle-down economics” schtick for decades…while the economy continues to get worse. It doesn’t work. In addition to that, during the 60s, when nearly everyone had a job that paid decent wages, the corporations were being taxed at about 60-70%. Imagine that.