Tax season is getting underway, and a new report lays out the percentages taxes take out of family incomes in Wyoming. The "Who Pays?" study shows taxes as a percentage of income are lowest for the richest and highest for the poorest. With that report in hand, Dan Neal with the Equality State Policy Center presented a proposal to a state legislative committee this week to support the planned gas tax hike, while recognizing that lower income workers need a break. The idea is to provide pro-rated refunds.
Neal says Wyoming could use federal E-I-T-C data to gauge eligibility. He says there is interest from legislators, but at the same time, there is resistance to amend the gas tax bill.
The tax report also noted that in Wyoming, no one actually pays the cost of the tax-funded services they receive. Neal explains the state receives federal funding that outpaces federal tax dollars paid by residents.
The report found that in most states, the poorest pay the highest percentages of their incomes in taxes.