Flat taxes pose a steep price for Iowa’s low wage workers

Iowa’s current lawmakers are considering enshrining the proposed 3.9% state income tax rate in Iowa’s Constitution, in a blatant attempt to tie the hands of future legislators.  A classic example of our legislature assuring the rich get richer and the poor get poorer. 

A progressive tax structure, with higher taxes on higher earners, is the only method that guarantees that the already rich and super rich will pay more.

If a person earns 2 million dollars income in one year at 3.9% they would pay $78,000 in state taxes. I think the rich can stay warm and well fed on $160,166.00 a month after tax earnings.

I wouldn’t want to try it on $1249.00 a month. If a person earns Iowa’s grossly inadequate and shameful minimum wage of $7.50 per hour they would make $15,600 in a year and pay $608 in state taxes. I don’t think our state should take a single discontinued penny from someone already burdened with a slave wage. I understand they are paying the same percent as the rich, but should they?

Contact your legislator and say NO to adding the flat tax rate to our state constitution.