Institute on Taxation and Economic Policy (ITEP)

The Institute on Taxation and Economic Policy

What's New

report  

After Two Rounds of Trump Tax Cuts, Corporate America Paid Less Than Ever in 2025

• By Matthew Gardner, Steve Wamhoff, Joe Hughes, Spandan Marasini

In 2025, 706 major American corporations collectively paid a federal income tax rate of just 10.4% on $1.88 trillion in U.S. profits. This is the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes.

blog  

State Rundown 10/22: Despite Obstacles, Progressive Taxes Define 2026

• By ITEP Staff

As more states move to raise revenue and tax the rich, anti-tax lobbyists and lawmakers are hard at work to undo that progress. Despite pushback, important conversations around needed revenue continue.

blog  

Testimony: ITEP’s Nick Johnson weighs in on revenue options for the District of Columbia

• By Nick Johnson

A D.C. Business Activity Tax, or BAT, meets commonly held standards for sound tax policy.

blog  

State Rundown 10/8: Ballot Debates and Gas Tax Promises Accelerate as Election Day Nears

• By ITEP Staff

As the Iran War continues to cause gas prices to rise across the country, lawmakers are stepping on the accelerator instead of pumping the brakes on costly and ineffective proposals to suspend the gas tax ahead of the November election.

report  

Impact of Key Trump Policies on Taxes and Costs: National and State Estimates

• By Steve Wamhoff

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%.

More Recent Work

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, PDF

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
Illustration of a person reading a tax guide, with speech bubbles reading capital gains, flat tax, and adjusted gross income