What's New
-
blog
State Rundown 2/1: February Brings New (and Some Old) Tax Policy Conversations
.ITEP Staff, February 2023 -
blog
By Fighting Audit Bias, Funding for Tax Enforcement Can Advance Racial Equity
Jon Whiten, February 2023 -
blog
State Rundown 1/26: Tax Season Brings With it Reminder of EITC’s Impact
.ITEP Staff, January 2023 -
blog
State Rundown 1/19: ITEP Provides a Roadmap for Equitable Tax Goals in 2023
.ITEP Staff, January 2023 -
blog
Several States Make New Moves to Tax Wealth
Jon Whiten, January 2023
ITEP in the News
ITEP Work in Action
-
Hawaiʻi Budget & Policy Center: Closing the Capital Gains Loophole
-
Kentucky Center for Economic Policy: Reducing the Income Tax Will Weaken the Commonwealth
-
Open Sky Policy Institute: Major Tax and Education Plans Would Quickly Drain Flush State Coffers
-
The Commonwealth Institute: Support Virginia Families Through a Commonwealth Kids Credit
Expert's View
Matthew Gardner
Senior Fellow
Corporate Tax Avoidance Under the Tax Cuts and Jobs Act
Thirty-nine profitable corporations in the S&P 500 or Fortune 500 paid no federal income tax from 2018 through 2020, the first three years that the Tax Cuts and Jobs Act was in effect. The 39 corporations were profitable in each of those three years and, as a group, reported to shareholders that they had generated $122 billion in profits during that period.