August 6, 2024 • By Marco Guzman
Nineteen states have sales tax holidays on the books in 2024. These suspensions combined will cost states and localities over $1.3 billion in lost revenue this year. Sales tax holidays are poorly targeted and too temporary to meaningfully change the regressive nature of a state’s tax system.
August 5, 2024
In 2010, as the country still reeled from the worst economic crisis since the Great Depression, tech companies, real estate developers and rural lobbyists went to the state Capitol in Olympia, Washington, to press for a tax break for data centers.
August 5, 2024
A common argument among anti-immigrant politicians and advocates is that noncitizens who are in the United States illegally exploit government benefits and constitute a financial burden on the country. That claim is largely inaccurate and misleading. The latest evidence was provided this week by policy analysts and researchers at the Institute on Taxation and Economic Policy. They found that undocumented immigrants in the United States paid $96.7 billion in federal, state, and local taxes in 2022, averaging $8,889 per person.
August 1, 2024 • By ITEP Staff
Undocumented immigrants pay taxes that help fund public infrastructure, institutions, and services in every U.S. state. Nearly 39 percent of the total tax dollars paid by undocumented immigrants in 2022 ($37.3 billion) went to state and local governments.
August 1, 2024
Florida is among a half-dozen states which each collect more than $1 billion in taxes from undocumented immigrants – a flow of public money likely to disappear under Republican presidential candidate Donald Trump’s mass deportation plan, a new report shows.
August 1, 2024
New analysis by the Institute on Taxation and Economic Policy (ITEP) found that undocumented residents paid £25.7 billion into Social Security funds and $6 billion into Medicare in 2022; both programs that they are not entitled to use. In total, undocumented immigrants paid $96.7 billion, or roughly $9,000 per person, in taxes in 2022.
August 1, 2024
New research confirms that immigrants without a documented status still contribute economically, despite most not being eligible for any public services or benefits. Many immigrants without a documented status pay taxes — primarily via sales and excise taxes on purchases.[1] The Institute on Taxation and Economic Policy’s (ITEP’s) latest report details the state and local taxes immigrants without a documented status contribute throughout the United States. Nationwide, ITEP finds that for every 1 million undocumented immigrant residents, revenue for public services increases by $8.9 billion.
August 1, 2024
Undocumented immigrants work hard in Hawaiʻi and play a vital role in our economy, boosting both our general excise and individual income tax revenue. This is despite the fact that it is more difficult for them to file taxes than for other Hawaiʻi residents. A new report from the Institute on Taxation and Economic Policy (ITEP) lifts up the significant tax contributions that these immigrants make to our federal, state and local governments through the taxes they pay each year.
August 1, 2024
CT’s undocumented immigrants pay over $400 million in taxes annually, study finds. Read more or listen here.
August 1, 2024
Marco Guzman spoke with 13News Now. Watch the clip here.