By Kenny Colston Kentucky Public Radio
A new report by the Institute on Taxation and Economic Policy shows a big gap between Kentucky’s income levels on who pays taxes.
The report says Kentucky’s top 1 percent income bracket pays roughly 5 percent of the state’s income tax, while the bottom 20 percent pays 9 percent.
Middle income levels are saddled with a higher percent, according to the report.
Jason Bailey, director of the Kentucky Center for Economic Policy, says the numbers show tax reform needs to happen quickly in Kentucky to better balance the burdens.
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