Investor Presentaiton

. Ideally, how would states collect tax revenue? One of the "principles of a high-quality tax system" is fairness • Do taxpayers with higher income pay larger shares of income as taxes? • Vertical equity: households with greater income pay a greater share of income in taxes; known as a "progressive tax" Progressive Tax Regressive Tax DJFO Lowest Second Middle Fourth Next Next Top 20% 20% 20% 20% 15% 4% 1% Lowest Second Middle Fourth Next Next Тор 20% 20% 20% 20% 15% 4% 1% 1 Baldwin Street Montpelier, VT 05633-5701 (802) 828-2295 https://ljfo.vermont.gov 4

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