Investor Presentaiton
The "more equitable" jurisdictions
Vermont is among the ten jurisdictions with more equitable state and
local tax systems
• Seven of the ten do not worsen income inequality overall and lessen
inequality across some groups
•
· California, DC, Maine, Minnesota, New Jersey, New York, and Vermont
The other three have tax codes that tilt slightly regressive overall
Massachusetts, New Mexico, and Oregon
None of the tax systems in the ten states are robustly progressive in a
traditional sense
• DC is least regressive overall, but the top 5 percent of DC families pay a lower
rate (11.2 percent) than the bottom 95 percent (11.6 percent)
DJFO
1 Baldwin Street Montpelier, VT 05633-5701 (802) 828-2295 https://ljfo.vermont.gov
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