Do wealthy Idahoans have a lower tax burden than poor Idahoans? The answer is yes, according to the Institute on Taxation and Economic Policy. You can see the report here. It shows wealthy families have a state tax burden that is a third lower than poor families.
This type of regressive tax scheme looks like something we should fix.
Unfortunately, a recent proposal from Gov. Otter to reduce the top personal income rate from 7.4% to 6.9% would only make matters worse.
Not only would it cut $77 million from state revenues (good luck restoring education funding), but it would also put an even greater burden on the people who can least afford it.