March 30, 2016 • By ITEP Staff
“The Institute on Taxation and Economic Policy in Washington, D.C., recently released its 50-state study on undocumented immigrants, which shows the group, estimated at 11 million residing in the states, paid $11.6 billion in state and local taxes. A media representative said its analysis does not include costs associated to the group.” Read more
March 30, 2016 • By ITEP Staff
“Meantime, if the Legislature doesn’t find a source for new revenue, voters may get a chance to do so themselves. A measure to increase the state sales tax rate by one penny to better fund education is likely to be on the November ballot. The Institute on Taxation and Economic Policy estimates those making […]
March 28, 2016 • By ITEP Staff
The Institute on Taxation and Economic Policy – which bills itself as a non-profit, non-partisan research organization that works on tax policy issues — estimates undocumented immigrants pay about $11.64 billion a year in state and local taxes. However, the truth is that no one knows exactly how much undocumented immigrants cost the nation […]
March 28, 2016 • By ITEP Staff
“Unauthorized immigrants contribute enormous sums to state and local coffers through taxes: $11.64 billion annually, according to a new report by the Institute on Taxation and Economic Policy. Full implementation of the three deferred action initiatives would increase state and local tax contributions by unauthorized immigrants by an estimated $805 million each year.” Read full […]
March 25, 2016 • By ITEP Staff
This year’s General Assembly produced no shortage of big debates, with subjects from religious exemptions to rape kits grabbing statewide and even national headlines. But beneath the surface lurked a serious threat to Georgia’s well-being that didn’t make it onto many front pages or the late night shows. A pair of tax-slashing proposals, House Bill […]
March 25, 2016 • By ITEP Staff
“Those hikes would mean Americans earning about $85,000 a year would wind up paying an additional $3,164 to Uncle Sam, according to estimates from the Institute on Taxation and Economic Policy. Workers would also fork over an additional 0.2% of their compensation in a payroll tax (employers would kick in another 0.2%) to pay for […]
March 25, 2016 • By ITEP Staff
“IHS is just the latest U.S. firm to be involved in a so-called inversion, in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens. IHS is merging with London-based Markit and has said the tax rate of the new combined company, IHS Markit, will be in the […]
March 22, 2016 • By Carl Davis
Read full report in PDF Download detailed appendix with state-by-state information on deductions and credits (Excel) Every state levying a personal income tax offers at least one deduction or credit designed to defray the cost of higher education. In theory, these policies help families cope with rising tuition prices by incentivizing college savings or partially […]
March 18, 2016 • By ITEP Staff
“Semuels talked with Carl Davis, the research director of the Institute on Taxation and Economic Policy. She said Davis told her state legislatures are making decisions about taxation that “don’t jive with the 21st-century economy.” Illinois is one of eight states with a flat income-tax rate. It was 5 percent, but was lowered to 3.75 […]
March 18, 2016 • By ITEP Staff
“Carl Davis, the research director of the Institute on Taxation and Economic Policy, says these states are pushing Reagan-era supply-side economics. They slash taxes in hopes of spurring growth. Oklahoma, for example, has given up on $1 billion dollars from wealthy taxpayers.” Read more
March 16, 2016 • By ITEP Staff
“The fact about Social Security is very important. I’m one of the people who’ve contributed a lot of money to Social Security and I don’t have any access to it. None of us [undocumented immigrants] have any access to it. The Institute of Taxation Economic Policy … released an update saying that undocumented immigrants collectively […]
March 16, 2016 • By ITEP Staff
Despite enormous hurdles, undocumented immigrants continue to contribute to their communities. They have paid approximately $33.4 million in yearly tax contributions in Rhode Island, including income taxes, as reported by the Institute for Taxation and Economic Policy. With an Individual Taxpayer Identification Number provided by the Internal Revenue Service, millions of undocumented immigrants throughout the […]
March 16, 2016 • By ITEP Staff
“Ohio is among the states that come up in discussions about big tax cuts. But was Kasich’s truly the largest in the nation? “There are at least half a dozen reasons why there has to be an asterisk after that sentence,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, a […]
March 15, 2016 • By ITEP Staff
“Like most other proposed income tax cuts, benefits would flow most to high-earning households. Projections from the liberal-leaning Institute on Taxation and Economic Policy for last year’s proposal showed the lowest-earning 20 percent of taxpayers, making $16,000 or less, would save an average of $13 a year. Those earning in the top 95 percent to […]
March 15, 2016 • By ITEP Staff
In confronting the financial crisis looming over state budget decisions, the common-sense choice for Connecticut should be a balanced approach that includes revenue, rather than a cuts-only approach that threatens an already fragile economic recovery. Read more
March 15, 2016 • By ITEP Staff
““Energy prices are not the only factor that put these state budgets into disarray,” Carl Davis, the research director of the Institute on Taxation and Economic Policy (ITEP), told me. “There are conscious policy decisions being made here as well.” What’s happening across the country is that state legislatures have made decisions about taxation that […]
March 15, 2016 • By ITEP Staff
“Illegal immigration is a major issue in the 2016 presidential race. Trump has called Mexicans, especially, rapists and drug dealers. A report released Feb. 24 by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization, calculated that the 11 million unauthorized immigrants in the United States pay $11.64 billion a year in […]
March 15, 2016 • By ITEP Staff
“In the course of our legislative session, our tax system has been roundly criticized for being unfair to those on the lower end of the income spectrum. In particular, a 2015 study from the Institute on Taxation and Economic Policy (ITEP) asserts that the lowest 20 percent of our population pays 13.4 percent of its […]
March 15, 2016 • By ITEP Staff
“Altogether, according to the state and local tax data analysis—published by the Institute on Taxation and Economic Policy (ITEP)—undocumented immigrants contribute about $11.6 billion to the economy annually, including nearly $7 billion in sales and excise taxes and $3.6 billion in property taxes. They are, in economic terms, productive citizens, and pay a higher effective […]
March 15, 2016 • By ITEP Staff
“The House killed a proposal to eliminate 50 percent of the deduction that individual taxpayers get when they itemize deductions on their federal tax returns. The vote on House Bill 33 by Leger was 44-58. The top 15 percent of taxpayers would have paid 76 percent of the higher taxes, according to an analysis by […]
March 7, 2016 • By ITEP Staff
“A new study finds that undocumented immigrants are contributing more than half a billion dollars to New Jersey’s economy. Erika Nava is an analyst for New Jersey Policy Perspective. She says undocumented immigrants in the Garden State pay $590 million in state and local taxes each year.”
March 7, 2016 • By ITEP Staff
“The report by the Institute on Taxation and Economic Policy says that undocumented immigrants currently pay 8 percent of their earnings as taxes into local and state public coffers. “Regardless of the politically contentious nature of immigration reform, the data show undocumented immigrants greatly contribute to our nation’s economy, not just in labor but also […]
March 7, 2016 • By ITEP Staff
“A new 50 state analysis by the Institute on Taxation and Economic Policy and the Fiscal Policy Institute says full implementation of the actions would contribute $800 million to state and local treasuries nationally.” Read more
March 7, 2016 • By ITEP Staff
“For a worker who earns between $19,000 and $37,000 a year, he or she will pay an average of $210 more dollars in sales tax dollars for a 1 percent sales tax increase, according to the Institute on Taxation and Economic Policy. For someone who earns between $103,000 and $209,000 a year, the average tax […]
March 4, 2016 • By ITEP Staff
“An updated study by the Institute on Taxation and Economic Policy (ITEP) found that undocumented immigrants who reside in California collectively paid almost $3.2 billion in state and local taxes in 2013. The nationwide analysis released on Wednesday, Feb. 24, entitled Undocumented Immigrants’ State and Local Tax Contributions, concluded that the Obama administration’s executive actions […]