The Institute on Taxation and Economic Policy
Impact of Key Trump Policies on Taxes and Costs: National and State Estimates
The major tax and economic policies of President Trump’s second term have increased taxes and household costs for most Americans except the richest 1%.
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What's New
State Rundown 11/5: Election Day Put Taxes on the Ballot
• By ITEP Staff
While voters delivered an historic rebuke of the economic and tax policies of the Trump administration as affordability concerns became a flashpoint, voters also decided on major tax ballot questions that will raise and protect revenue and do more to tax the rich in Washington, California, and Colorado.
Voters Pass Ballot Measures to Raise and Protect Revenue, Tax the Rich
• By Aidan Davis, Jon Whiten
Voters in states across the country on Tuesday passed critical ballot measures to raise and protect revenue and increase tax fairness. In three of four cases, voters showed their support for taxing the rich.
After Trump Tax Cuts, Major Corporations Pay Less than Ever
• By Amy Hanauer
Who bears the cost of these giant companies paying such a pittance? The American people.
114 Profitable Corporations Paid Zero Federal Income Tax in 2025
• By ITEP Staff
There were 114 corporations that paid no federal income tax in 2025. That includes well-known companies like Tesla, Walt Disney, CVS, Citigroup, United Airlines, Palantir, and DoorDash.
Bigger Corporations, Bigger Tax Breaks: Consolidation Leads Six Corporations to Grab a Giant Share of Subsidies
• By Matthew Gardner
Alphabet, Microsoft, Amazon, Nvidia, Meta and J.P. Morgan Chase collectively raked in 42 percent of the total tax subsidies that 706 profitable U.S. corporations received in 2025.
ITEP in the News
The New Yorker: Are Voters Ready to Eat the Rich?
USA Today: Opinion | Trump’s Big ‘Accomplishment’ Is Ugly for Everyone but the Rich
The Indicator from Planet Money: Corporate Tax Cheats, Recession Deal Eats and Costly Halloween Treats!
WORT FM: Progressive Income Tax Is the Fairest Method of State Revenue
El Pais: ‘It’s the Inflation, Stupid’: US Voters Sour on the Economy Despite Economic Growth
ITEP Work in Action
National Conference of State Legislatures: Everything You Ever Wanted to Know About Wealth Taxes
Vanderbilt Policy Accelerator: 34 Ways to Tax AI
Economic Policy Institute: Voters in Colorado and Florida Face Major Tax Questions on the November Ballot
D.C. Fiscal Policy Institute: Raising Revenue Is Necessary for the District’s Finances and Future
Michigan Families for Fair Care: Middle-Income Families Are Paying $1,700 More This Year While Wealthiest Come Out on Top
Across the States
Who Pays? 7th Edition
Who Pays? is the only distributional analysis of tax systems in all 50 states and the District of Columbia. This comprehensive 7th edition of the report assesses the progressivity and regressivity of state tax systems by measuring effective state and local tax rates paid by all income groups.
State-by-State Map Effective tax rates where you live Download the Report Full 7th edition, PDFState Rundown & On the Map
On the Map
State & Local Tax Policy
Voters Pass Ballot Measures to Raise and Protect Revenue, Tax the Rich
• By Aidan Davis, Jon Whiten
Testimony: ITEP’s Nick Johnson weighs in on revenue options for the District of Columbia
• By Nick Johnson
New State Taxes on the Wealthy Raise Revenue and Rebalance Tax Codes, Advancing Racial Justice
• By Brakeyshia Samms
Tallying Up the Impact of Florida’s Property Tax Ballot Measure on Local Communities
• By Neva Butkus
The ITEP Guide to State & Local Taxes
A detailed primer on state and local tax policy for citizens, advocates, journalists, and policymakers. Learn about the three main sources of revenue (income, property, and sales) and the principles that shape tax codes.
Explore the Guide
Expert's View
Carl Davis
Research DirectorThe Geographic Distribution of Extreme Wealth in the U.S.
Excessive concentration of wealth runs counter to our national aspiration for genuine equality of opportunity, and it saps the vitality of our democracy through the consolidation of power and influence. Tax policy offers a powerful means of beginning to address our nation’s stark level of inequality, but current law is clearly falling short of its potential.
Steve Wamhoff
Federal Policy DirectorWashington Post: Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.
SALT cap or no SALT cap, the mega bill overall is a bonanza for the rich in every state.
Miles Trinidad
State AnalystCT Mirror: Sales tax holidays under fire as CT launches its promotion
A two- to three-day sales-tax-free shopping spree for selected items does nothing to reduce taxes for low- and moderate-income taxpayers during the other 362 days of the year.
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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