Top 5 Percent of DC Earners Pay Lower Share of Income in Taxes than Bottom 95 Percent
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While DC’s tax code ranks as the least regressive in the nation, the top 5 percent of District families pay a lower effective tax rate (11.2 percent) than the bottom 95 percent (11.6 percent).
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While the myth that increased taxes will drive mass flight of high-earning residents from a state has survived on cherry-picked anecdotes, researchers have disproved this claim many times over.
Despite DC Council’s approved fiscal year (FY) 2024 budget investments in key programs, it doesn’t go far enough to meaningfully address stark racial and economic inequities.
As we observe Juneteenth, DC and the country should (re)commit to repairing the harms of our past and its compounding negative effects in our current day.
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DC Council should reject the loosened affordable housing requirements and proposed exemptions from worker protections and tenant rights and add safeguards that ensure responsible use of public dollars.
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