2009

Who Pays? A Distributional Analysis of the Tax Systems in All 50 States

Who Pays? is a comprehensive analysis of state and local tax systems in all fifty states. The study, released on November 18, 2009, shows that on average, state and local tax systems require the poorest taxpayers to pay the highest...

A Progressive Strategy for Meeting Illinois' Current and Future Revenue Needs

Over the course of the past year, Illinois’ personal income tax has received a great deal of attention. In March, Governor Pat Quinn put forward a plan to raise the existing income tax rate of 3 percent to 4.5 percent...

Where Have All of Maryland's Millionaires Gone?

A more thorough examination of preliminary tax return data for 2007 and 2008 suggests that, while Maryland millionaires may have moved, their most likely destination was a different income group. Read the Full Report (PDF)...

Perspective on Arizona's Tax Structure - Past, Present, and Future (PowerPoint)

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Recent Assertions about State Tax Increases Don't Hold Much Water [Revised Aug 7, 2009]

A more careful examination of Internal Revenue Service (IRS) data for the period from 1997 to 2006 reveals a far different picture, however. They show that the number of “rich” taxpayers (federal income tax filers with adjusted gross incomes (AGI)...

Testimony before the Maryland Business Tax Commission

Consequently, combined reporting represents the most comprehensive option available to states seeking to halt the erosion of their corporate tax bases and to curtail corporate tax avoidance. It ensures that form – specifically, the form in which corporations choose to...

Serious Problems, Stark Choices

Kentucky’s tax system currently faces two serious problems. The first – and most immediate – is that Kentucky’s tax system is insufficient, as it fails to produce enough revenue to fund the public services on which Kentuckians rely. Recent data...

Kentucky Forward Press Conference - ITEP Statement on Progressive Tax Reform

As Kentucky grapples with the news of a potential $1 billion budget shortfall, there are good reasons for state lawmakers to turn to progressive tax reform instead of resorting to painful spending cuts.Kentucky’s overall tax structure is currently quite regressive,...

ITEP Testimony on Corporate Tax Reform before the New York State Senate Select Committee on Budget and Tax Reform

The stated purpose of this hearing is to evaluate the impact of New York’s business taxes on equity and economic growth. These are laudable concerns: the most basic questions to ask about any corporate break are whether they are allocated...

Ready, Set, Reform - How the Income Tax Can Help Make the Illinois Tax System Fairer and More Sustainable

The Illinois tax system faces a crisis of both adequacy and equity. The state must confront a projected $11.6 billion budget shortfall over the next two fiscal years that will likely require a variety of difficult spending and tax policy...

Analysis of HJR 36 "Fair" Tax Plan

Earlier this week, the Missouri Senate Ways and Means Committee held a hearing on House Joint Resolution 36, which would eliminate the state’s individual and corporate income taxes while increasing the state’s sales tax rate and applying the sales tax...

Fact Sheet on HB64 Income Tax Proposal

Missouri House Bill 64 would change the state’s personal income tax in three important ways:• Expand the starting point for the 6 percent top income tax bracket from $9,000 to $50,000 of taxable income.• Increase the deduction for federal income...

Fact Sheet on SB71 Proposed Income Tax Rate Cut

This policy brief examines the impact of the principal tax change in House Committee Substitute for Senate Bill 71, which would decrease each of the state’s income tax rates by 0.5 percent. Missouri’s income tax rate structure currently starts at...

Budget Hikes Taxes on Low-Income Families to Pay for High-End Capital Gains Cuts

On Friday, April 3, the Georgia General Assembly passed a budget for fiscal year 2010 that includes a major new tax cut (an exclusion for long-term capital gains income) and a substantial tax increase (eliminating a state-funded property tax relief...

A Capital Idea: Repealing State Tax Breaks for Capital Gains Would Ease Budget Woes and Improve Tax Fairness

This report explains what capital gains are, how they are treated for tax purposes, and who typically receives them. It also details the consequences of providing preferential tax treatment for capital gains income for states’ budgets, taxpayers, and economies in...

ITEP Testimony on HB 642 Tax Reform Proposal before the New Hampshire General Court House Committee on Ways & Means

I am here today to offer testimony on House Bill 642, which was introduced by Representative Jessie Osborne earlier this year and which would improve New Hampshire’s tax system, both by generating additional revenue and by shifting greater responsibility for...

ITEP Testimony on HB 567 Income Tax Reform

My testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 567, which concerns reforming the state’s individual income tax structure. In particular, my testimony will discuss the impact of this bill on the overall fairness...