October 17, 2018

Kentucky’s tax code 25th most inequitable after 2018 tax bill

After legislative changes that raised sales taxes to pay for individual and corporate income tax rate cuts that mostly benefited the wealthiest Kentuckians, our ranking among states fell nine spots from 34th to 25th for most inequitable tax codes. Inequitable, or ‘upside-down,’ tax codes ask less of those with more money and more of those with less. In other words, Kentucky families struggling to get by pay more in taxes as a share of their income than the wealthiest of […]