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).
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3/13/2007
Next Piece of the Puzzle
After Minimum Wage, Iowa Looks at Earned Income Tax Credit
With the new minimum wage set to take effect, lawmakers are considering the next piece of the puzzle in making work pay for low-income Iowans: an expanded state Earned Income Tax Credit (EITC).