November 14, 2016
“Governor-elect Eric Greitens has bold tax-reduction plans for Missouri but vague budget-balancing ideas. He should pay attention to the advice of Dylan Grundman, a senior analyst with the Institute on Taxation and Economic Policy in Washington. Grundman warned the commission of ‘three paths to avoid.’ One is to cut income taxes in hopes of spurring […]
November 14, 2016
“On the campaign trail, he promised to deport all undocumented immigrants in the United States — a whopping 11 million people who pay US$11.6 billion or more per year in taxes, according to the Institute on Taxation and Economic Policy.” Read more
November 10, 2016
“The Republican firebrand went as far to propose deporting all undocumented immigrants — a whopping 11 million people who pay US$11.6 billion or more per year in taxes, according to the Institute on Taxation and Economic Policy.” Read more
November 10, 2016
“Whether a tax holiday for these firms is good for the U.S. economy and taxpayers is a different issue. ‘It’s a terrible idea. Giving any kind of a lower tax rate on these profits amounts to rewarding bad actors for trying to dodge taxes,’ said Matthew Gardner, senior fellow at The Institute on Taxation and […]
November 9, 2016
“Americans generally believe that higher income households should pay a greater percentage of their incomes in taxes than lower income households. Yet the exact opposite occurs. The Institute on Taxation and Economic Policy (ITEP) finds the nationwide average effective state and local tax rates by income group are 10.9% for the poorest 20% of individuals […]
November 8, 2016
“I spoke with two of the four experts that WalletHub consulted. Being accounting professors, they knew that the income tax expense on financial statements and the amount actually paid are ‘two very different things’. I also spoke with Matthew Gardner of the Institute on Taxation and Economic Policy. He summed up the problem pretty […]
November 7, 2016
“Progressives in Washington have argued for years that the state’s tax system is unfair and exacerbates inequality. Indeed, according to a 2015 report by the nonpartisan Institute on Taxation and Economic Policy, the poorest 20 percent of Washingtonians (who make $21,000 per year or less) pay roughly 16.8 percent of their income in taxes every […]
November 7, 2016
“Of course, New Jersey isn’t the only state that has or is toying with raising gasoline taxes. Georgia, Idaho, Iowa, Kentucky, Michigan, Nebraska, North Carolina, South Dakota, Utah, and Washington upped their gas taxes in 2015, notes the Institute on Taxation and Economic Policy. Louisiana, Tennessee, Alaska, Alabama and Minnesota are contemplating increases in 2017.” […]
November 3, 2016
“New Jersey isn’t the only state that has seen a gas tax increase in recent years. Nineteen states and D.C. have seen gas tax changes in the past three years, according to the Institute on Taxation and Economic Policy.” Read more
November 3, 2016
“According to the Institute on Taxation and Economic Policy, low-income North Carolinians pay nearly twice the share of their income in taxes as our state’s richest residents. Reinstating the EITC would be a crucial step towards rebalancing the tax load for all North Carolina taxpayers.” Read more
November 3, 2016
“Meanwhile, the Louisiana Budget Project, which advocates on behalf of low and moderate income people, said “more is needed to put Louisiana’s budget back in the black.” “A preliminary analysis from the Institute on Taxation and Economic Policy shows that even if the Legislature agrees to the sales tax and income-tax changes recommended by the […]
November 3, 2016
“The tax would fall hardest on the poor, who spend a larger portion of their income on retail purchases. It would cost the bottom 20 percent of households an average of $90 a year. Middle-income households would pay about $262 a year. And the top 1 percent would pay $1,691, according to a data analysis […]
November 1, 2016
“This November, Maine voters will consider a ballot initiative (Question 2) that rolls back recent tax breaks for the wealthy and dedicates this revenue toward additional state level resources for schools. The Maine Center for Economic Policy (MECEP) examined the context for this initiative, its potential to promote tax fairness, and its capacity to improve […]
November 1, 2016
“‘Many other states are facing similar issues, but haven’t raised the gas tax in a decade or more,’ said Carl Davis, research director at the Institute on Taxation and Economic Policy. ‘It can be a political challenge.'” Read more