OCFO Must Improve Reporting on Revenues Generated from Fines, Fees, and Forfeiture
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Tax advantages for residents at the top privilege white residents—who account for the vast majority of DC’s richest residents—and serve to concentrate their wealth. This comes at the expense of public investments in underserved communities that advance […]
While DC’s tax code ranks as the least regressive in the nation, the top 5 percent of District families pay a lower effective tax rate (11.2 percent) than the bottom 95 percent (11.6 percent).
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While the myth that increased taxes will drive mass flight of high-earning residents from a state has survived on cherry-picked anecdotes, researchers have disproved this claim many times over.
Despite DC Council’s approved fiscal year (FY) 2024 budget investments in key programs, it doesn’t go far enough to meaningfully address stark racial and economic inequities.
As we observe Juneteenth, DC and the country should (re)commit to repairing the harms of our past and its compounding negative effects in our current day.