Significant Statistics | Utah’s Taxes are Less Regressive than Most

Written by: Staff

On the three-legged stool of taxation – sales, income, and property taxes – Utah is less regressive than most other states. This is important because some Utahns believe that higher-income earners should pay a larger percentage of their income. In contrast, others believe that higher-income earners should pay less since they already contribute the lion’s share of the overall state and local tax receipts. Tax policy is perhaps one of the most widely and hotly … Continued

Significant Statistics | Inflation Stabilized

Written by: Christopher Collard

Inflation has stabilized over the last 12 months between 3% and 4%, though that rate is higher than the Federal Reserve’s target of 2%. The higher rate is likely due to increasing housing costs. Energy inflation levels are near their long-term average while price increases on food and everything else have slowed below their long-term average. The Utah Foundation’s interactive dashboard allows residents is to: Explore current rates. Compare rates for Western and Mountain States … Continued