Thanks, Gary. Very important and well-argued. For a little local flavor, that ITEP report says Oklahoma has the 16th most regressive tax system. Someone making over $600,000 pays 6.3% of their income in state and local taxes. Someone making less than $21,000 pays nearly twice as much, 12.2% of their income. Of course the coming income tax cut will widen that gulf.
Thanks, Gary. Very important and well-argued. For a little local flavor, that ITEP report says Oklahoma has the 16th most regressive tax system. Someone making over $600,000 pays 6.3% of their income in state and local taxes. Someone making less than $21,000 pays nearly twice as much, 12.2% of their income. Of course the coming income tax cut will widen that gulf.