Taxes on DC Families Remain Lowest in the Region
By DC Fiscal Policy Institute • February 16, 2011 • Revenue & Budget / Taxes
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Families in the District with incomes of $20,000 to $60,000 pay one-tenth of their incomes in DC property, sales, and income taxes, according to a new study by the Institute on Taxation & Economic Policy. This is much higher than the share of income the […]
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Last year, Mayor Fenty and the DC Council approved an important reform to the District’s corporate income tax which will prevent large corporations from avoiding taxes. The law, known as “combined reporting,†is recognized by economists and […]