Institute on Taxation and Economic Policy

Burlington Free Press: Who pays in Vermont? The bottom

February 15, 2013

Lowest-income Vermonters bear heavier tax burden by percentage, despite progressive income tax system Feb 14, 2013 Written by Jack Hoffman Vermont has long been known for its progressive income tax system. For a couple of reasons, it makes sense to tax higher incomes at higher rates. Those who benefit most from society have a responsibility […]

The Economist: The price isn’t right

February 15, 2013

(Original Post) Corporate profit-shifting has become big businessFeb 16th 2013 DURING THE TAX-EVASION trial of Leona Helmsley, a flamboyant hotelier, a former housekeeper testified that she heard her employer say: “We don’t pay taxes. Only the little people pay taxes.” These days, multinational companies stand accused of taking a similarly haughty attitude to their fiscal […]

New York Times: The Alluring Myth of the Tax-Fleeing Millionaire

February 15, 2013

(Original Post) By JAMES B. STEWARTPublished: February 15, 2013 Last month, Vladimir V. Putin hugged his newly minted fellow Russian citizen, the actor Gerard Depardieu, posing for cameras at the Black Sea port of Sochi. “I adore your country,” Mr. Depardieu gushed — especially its 13 percent flat tax on personal income. Sochi may not […]

The Daily Nebraskan: Legislators stall Gov. Heineman’s tax reform plans

February 14, 2013

(Original Post) Posted: Thursday, February 14, 2013 12:00 am Daniel Wheaton Gov. Dave Heineman thought tax reform could be realized by the end of this year’s legislative session. Now, legislators aren’t so sure. Heineman announced in January his plans to overhaul the Nebraska tax system by cutting billions of dollars of tax exemptions, with the […]

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IDACorp– Biggest Winner Under Property Tax Plan– Pays Nothing in State Income Taxes

February 13, 2013 • By Carl Davis

Idaho Governor Butch Otter and the state legislature are seriously considering repealing the personal property tax on business equipment. The governor claims that repealing the tax would help the state's economy, but says that he is "painfully aware" that repeal would dramatically cut into the revenues that many local governments depend on to provide public services. 1 The tax generates $141 million in revenue every year for cities, counties, and public schools. As a result, the Governor says that he "can't predict" whether lawmakers will be able to reach agreement on repealing the tax.

NP Telegraph: Neb. tax overhaul- Who wins?

February 11, 2013

(Original Post) Posted: Sunday, February 10, 2013 12:00 am | Updated: 9:30 am, Mon Feb 11, 2013. By Martha Stoddard World-Herald News Service LINCOLN – Gov. Dave Heineman has pitched his tax overhaul proposal as a way to make Nebraska a winner and help out ordinary taxpayers. But his proposal wouldn’t make all Nebraskans winners. […]

Goshen News: Sen. Carlin Yoder discusses immigration bill

February 11, 2013

(Original Post) Tax cut proposal Among many other issues discussed at Saturday’s Third House was Gov. Mike Pence’s proposed 10 percent cut in the state income tax. Jeremy Bernstein, an organizer for Americans for Democratic Action, spoke out against the cut. He said a recent study by the Institute on Taxation and Economic Policy ranked […]

Twin Cities Daily Planet: National report confirms- Minnesota has more work to do on tax fairness

February 11, 2013

(Original Post) By Nan Madden, Minnesota Budget BitesFebruary 08, 2013 A national report confirms what many Minnesotans already know: Minnesota’s tax system does not share the responsibility for funding public services fairly. The Minnesotans with the highest incomes pay the smallest share of their incomes in state and local taxes. Who Pays? by the Institute […]

The Business Insider: 10 States With The Best Tax Breaks For The Wealthy

February 7, 2013

(Original Post) There’s no better evidence of the growing chasm between America’s rich and poor than state tax rates. On average, the nation’s lowest-income residents pay tax rates that are twice as high as the wealthiest 1 percent of taxpayers, according to a new report by The Institute on Taxation and Economic Policy. That includes […]

The Atlantic: Do D.C. Residents Pay More Taxes Than Their Neighbors?

February 7, 2013

(Original Post) Katherine Toran11:55 AM ET  I recently had a conversation with a friend who was moving and said she preferred to live in Maryland than in D.C. because D.C. residents pay higher taxes. She wasn’t the first local to tell me that. But is this claim true? It appears in this case, conventional wisdom […]

Policy Matters Ohio: Kasich tax proposal would further tilt tax system in favor of Ohio’s affluent

February 7, 2013

Income tax cuts will increase inequality in Ohio and do little for our economy. The Kasich administration proposal to broaden the sales tax base, if done carefully, is helpful because our economy has shifted to services, many of which have been untaxed. However, this will disproportionately affect low- and middle-income Ohioans, so steps should be […]

Bristol Herald Courier: Non-wealthy Tennessee families face high tax burdens, report says

February 7, 2013

(Original Post) Posted: Wednesday, February 6, 2013 12:02 pm | Updated: 2:27 pm, Wed Feb 6, 2013. BRISTOL HERALD COURIER Posted on February 6, 2013 by Roger Brown BRISTOL, Tenn. – Poor and middle-class families in Tennessee spend nearly 12 percent and 9 percent, respectively, of their total income on taxes, according to a new […]

The Stranger: We’re Number One at Taxing the Poor

February 7, 2013

(Original Post) Study Finds Washington State Maintains Nation’s Most Regressive Tax System by Goldy Washington State may be progressive when it comes to gay marriage, pot, and electing Democratic governors, but when it comes to our tax system, not so much. According to a new report from a DC-based think tank, Washington continues to boast […]

Dayton Daily News: Governor coming to Dayton to discuss plan to lower taxes, but expand what can be taxed

February 7, 2013

(Original Post) Updated: 11:43 a.m. Wednesday, Feb. 6, 2013 | Posted: 6:25 p.m. Tuesday, Feb. 5, 2013  By Jackie Borchardt COLUMBUS — Ohio Gov. John Kasich will be in Dayton on Thursday to have a panel discussion with small business owners and economic policy experts about his plan to cut income and sales tax rates. […]

Gambit: Louisiana’s poor use more of their income for taxes

February 7, 2013

(Original Post) A national survey of state and local tax codes by the Institute on Taxation and Economic Policy (ITEP), a Washington, D.C., think thank, shows Louisiana’s poorest residents pay comparatively high state and local taxes as a percent of income. Louisiana’s poor pay an average of 10.6 percent of their income in taxes, more […]

The Town Talk: Jindal’s plan to drop state income tax stirs debate

February 5, 2013

Feb 4, 2013 Written by Mike Hasten Gannett Louisiana BATON ROUGE — If legislators agree with Gov. Bobby Jindal’s plan to switch from personal and corporate income taxes, Louisiana would be in line with several states showing job growth. But it could prove to be costly for those not on the high end of the […]

Tulsa World: Fallin Hopes to KISS tax issue goodbye

February 4, 2013

BY WAYNE GREENE World Senior Writer Sunday, February 03, 2013 2/3/2013 6:10:41 AM In the debate over state personal income tax rates this year, look for Gov. Mary Fallin to adopt the KISS method – Keep It Simple, Senator. Last year, her proposal seemed like it had more moving parts than a whirligig factory. She […]

Open Sky Policy Institute: 80 percent of Nebraskans would see tax increases if income taxes are cut

February 4, 2013

A move to cut income taxes in favor of higher sales taxes will lead to tax increases for 80 percent of Nebraskans, a report by the OpenSky Policy Institute shows. “State economies flourish when policies are enacted that strengthen the middle class. LB 405 and LB 406 don’t work in that way,” said Renee Fry, […]

Statesman Journal: Examine land value taxation as solution to property tax problems

February 4, 2013

Written by Kris Nelson Commentary The flaws in Oregon’s property tax structure have begun to receive widespread attention. The tax rate limitations and use of taxable assessments emanating from Measures 5 and 50 have resulted in economic distortions and disparities in tax bills among property owners. Our previous study of the cumulative effects of Measure […]

Anniston (AL) Star: Alabama makes the ‘Terrible Ten’ because we are not fair Read more: Anniston Star – Alabama makes the ‘Terrible Ten’ because we are not fair

February 4, 2013

by The Anniston Star Editorial Board Feb 04, 2013 A nonpartisan research organization in Washington, the Institute on Taxation and Economic Policy, says Alabama’s system of taxation was placed on its list of states with the most regressive tax systems. Why are we not surprised? For years, tax experts have told the state’s legislative leaders […]

Public Radio Tulsa: Two Reports Detail Low Savings Rate, Higher Tax Burden for Poor Oklahomans

February 4, 2013

(Original Post) By Catherine Roberts     Two new reports are out this week about Oklahomans and their money: one (read it here) is about how many people save their money and to what extent, and the other (read it here) is about who pays the biggest percentage of their money in taxes. Forty-four percent is […]

Hawaii Star Advertiser: Poor in Hawaii are taxed liberally

February 4, 2013

(Original Post) A new study by the nonpartisan Institute of Taxation and Policy ranks Hawaii fourth highest among the states in taxes on the poor, challenging the state’s reputation of being politically liberal.

Indiana Public Media: Indiana Taxes Disadvantage Low-Income Groups

February 4, 2013

(Original Post) By Brandon Smith, IPBSPosted February 4, 2013 A new study from a national research group suggests Indiana’s overall tax structure is disadvantageous to middle- and low-income Hoosiers. The report from the Institute on Taxation and Fiscal Policy says, taking into consideration Indiana’s income, sales, property and excise taxes, the effective tax rate means […]

The Badger Herald: Study shows uneven distribution of income tax

February 1, 2013

(Original Post) By WebmasterThe Badger HeraldJan 31, 2013 7:00am An independent state nonprofit that addresses tax- and budget-related issues released figures Wednesday showing taxes among lower, middle and upper class families are unequally distributed in Wisconsin. The report from the Wisconsin Budget Project referenced the findings in the Washington-based Institution on Taxation and Economic Policy’s […]

WHBY: Study compares income, taxes

February 1, 2013

A study shows people with smaller incomes spend a larger share of their money, on all taxes. Jon Peacock is with the Wisconsin Budget Project. He says for those who make less than $21,000 a year, almost 10 percent of their income goes toward sales, property, and income taxes. He says the rate is seven […]