When you ask people what they think a fair tax code looks like, almost nobody says we should have the richest pay the lowest tax rates. And yet when we look around the country, the vast majority of states have tax systems that do just that.

Not long ago, New Mexico was one of those states. But recent tax reforms have helped to bring greater balance to the state’s tax code. According to my organization’s new in-depth look at taxes in all 50 states, New Mexico is an emerging leader in this respect, though there’s still plenty of room for improvement.

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