A nonprofit publication of the Kentucky Center for Public Service Journalism

Anna Baumann: New report shows Kentucky’s tax system contributes to increased income inequality

In Kentucky, the income inequality that exists between our poorest and wealthiest residents is magnified by the structure of our tax system. And thanks to the new tax law enacted by the 2018 General Assembly, that problem is getting worse. Income inequality is soaring in an economy where the winners increasingly take all. The wealthiest 1 percent of Kentuckians make 94 times more a year on average...

Average income for top 1 percent of Kentuckians continues to rise while dropping for all others

Income inequality in Kentucky has risen significantly in recent decades, with the latest data showing real income for the wealthiest 1 percent of Kentuckians rose by 60.1 percent between 1979 and 2013, while dropping 2.6 percent for everyone else. It’s only one indicator of income inequality detailed in a new report from the Economic Policy Institute looking at trends across states, counties and...