Time for a Better Deal

February 27, 1989 05:20 PM | | Bookmark and Share Restoring Fairness to Iowa TaxesIowa’s current tax system is seriously regressive. Instead of taxing according to ability to pay, Iowa heaps onerous burdens on low- and middle-income families while asking the richest citizens to contribute a significantly smaller share.This inequitable tax situation results from a combination of imperfect tax policies and missed opportunities. The passage of the federal Tax Reform Act of 1986 gave Iowa a golden opportunity to improve the fairness of its tax system. By following the federal lead, the state could have made its system more progressive and made the well-off begin to pay their fair share.

Restoring Fairness to Iowa Taxes

Iowa’s current tax system is seriously regressive. Instead of taxing according to ability to pay, Iowa heaps onerous burdens on low- and middle-income families while asking the richest citizens to contribute a significantly smaller share.

This inequitable tax situation results from a combination of imperfect tax policies and missed opportunities. The passage of the federal Tax Reform Act of 1986 gave Iowa a golden opportunity to improve the fairness of its tax system. By following the federal lead, the state could have made its system more progressive and made the well-off begin to pay their fair share.

 

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