A Tax Reform for All Ages

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The highest-paid Iowans have to work 3 weeks per year to pay their state and local tax obligation (5.8% of income). The lowest-paid Iowans have to work twice as long to do the same (10.6% of income).

4/19/2005
Iowa's Personal Income Tax
Reform for Iowans at Any Age
Iowa’s personal income tax system offers generous treatment to retirees. The report points out that the state income tax liability for a working couple making $55,000 and raising two children is 3 1/2 times that of a retired couple with the same income, and higher than it is for a retired couple making $80,000. Further tax breaks for retirement income would lead to a significant loss of revenue. Read the press release. Read the full report.