WithinOurGrasp_Oct29 - West Virginia Center on Budget & Policy

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Percent Change from 1979 to 2009, West Virginia
438%
251%
188%
150%
160%
-4%
Real WagesTransportation
Food
Shelter
Gas Utilities Medical Care
Source. Bureau of Labor Statistics. Data from the Consumer Price Index - All Urban Consumers, South Urban region.
Income Taxes
Property Taxes
Sales & Excise Taxes
12%
Federal Deduction Offset
10%
9.7%
9.3%
9.3%
9.0%
8.5%
7.3%
8%
6.5%
6%
4%
2%
0%
-2%
Lowest 20% Second 20% Middle 20% Fourth 20%
Next 15%
Next 4%
Top 1%
Source. Institute on Taxation and Economic Policy. (2009). Who Pays? A Distributional Analysis of the Tax System in all 50 States.
10% State EITC
Family Tax
Credit
Yes
No
Est. 151,000
75,938
Maximum income
eligibility
244% FPL
125% FPL
Cost
$28 million
$17 million
Refundable
Number of Tax
Filers
Married, Two Children
1200
1000
State Tax Without Any Credit
800
Tax Liability with FTC
Tax Liability with 10% EITC
600
State Income
Tax Liability ($)
400
200
0
50
3,400
6,750
10,100 13,450 16,800 20,150 23,500 26,850 30,200 33,550 36,900 40,250
-200
-400
Income ($)
160
140
120
34.4
(state)
100
(in millions of
dollars)
80
60
110
(federal)
126
40
20
18.4
0
Total TANF Funds WV TANF Expenditures
Unspent Funds
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West Virginia Center on Budget and Policy
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Charleston, WV 25301
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