Institute on Taxation and Economic Policy (ITEP)
1,134 posts

Maryland Center on Economic Policy: Tax Day: What Do We Pay For, and Who Pays?

• By ITEP Staff

Tax Day is a good day to remind ourselves that taxes allow our state to make investments that benefit our economy and all Maryland’s residents, and that we must continue to work to make our tax code fairer. Read the Full Report

Oregon Center for Public Policy: Tax Facts That Matter – 2014 Edition

• By ITEP Staff

Tax Facts That Matter – 2014 Edition Read the Full Report

Kansas Center for Economic Growth: Kansas Taxes in 2013 – Who Pays?

• By ITEP Staff

The tax cuts in Kansas disproportionately affect our poorest residents. While the wealthiest Kansans take home enough money to purchase more than 14,000 loaves of bread, low-income families OWE more taxes, which means 125 fewer loaves of bread for them. Read the Full Report

Montana Budget & Policy Center: Montana’s Tax System – How Do We Stack Up?

• By ITEP Staff

On Tax Day, we all spend some extra time thinking about how much we pay in taxes. Even more so for low- and middle-income families, who contribute a larger share of their income than high income people do. The difference is significant – Montana low-income families pay 6.4% of their income in taxes, compared to […]

Pennsylvania Budget and Policy Center: What Our Taxes Support and Why We Need to Close Loopholes

• By ITEP Staff

With the deadline for filing state and federal tax returns upon us, the Pennsylvania Budget and Policy Center has put together the following resources to help you understand what your tax dollars support and why it is so important that we close corporate tax loopholes at the state and federal level. Read the Full Report

Oklahoma Policy Institute: 5 things you should know about Oklahoma taxes

• By ITEP Staff

It’s tax day — the annual event when procrastinators, or those who just like to live on the edge, rush to get their tax returns filed before the midnight deadline. If your return is safely filed, or if you just want another excuse to procrastinate, here are 5 things in 5 charts that everyone should […]

Fiscal Policy Center: Corning and MasterCard Paid .6% in State Taxes

• By ITEP Staff

As New York struggles with tough budget decisions about essential public services, profitable Fortunate 500 companies like Corning, MasterCard, Lowes and Consolidated Edison are paying 2% or less in state income taxes for 2012 thanks to copious loopholes, lavish giveaways and crafty accounting. The recently passed state budget did nothing to close these loopholes and […]

Voice for Illinois for Children: Improving Tax Fairness Through Income Tax Reform

• By ITEP Staff

When adding up the effect of all state and local taxes, Illinois asks middle- and low-income households to pay a percentage of their income that is two to three times higher than the highest-income households pay. It doesn’t have to be this way. We can all pay our fair share to make sure Illinois has […]

Economic Progress Institute: Improve Rhode Island’s Earned Income Tax Credit to Help Hard-working Rhode Islanders

• By ITEP Staff

Rhode Island is among 25 states and the District of Columbia that offer a state EITC, but unlike most states, the credit is only partially refundable. Just over 83,000 Rhode Island taxpayers claimed the state’s EITC in Tax Year 2012 . The average credit was $119. Of those taxpayers receiving a credit, 73,119 received a […]

Oregon Center for Public Policy: Tax Facts That Matter

• By ITEP Staff

Tax Facts That Matter: 2014 Edition Full Report

North Carolina Justice Center: Who Pays in 2014 – Tax Plan Creates Winners and Losers in North Carolina

• By ITEP Staff

Changes are coming to who pays taxes in North Carolina, and the news is not good for middle- and low-income taxpayers. This tax season marks the final year taxpayers will file their income taxes under the state’s old tax code and by next year it will be apparent to many taxpayers that the tax plan […]

California Budget Project: Who Pays Taxes in California?

• By ITEP Staff

A new CBP report — released in advance of Tax Day — examines state and local taxes in California and shows that low-income households are currently contributing a disproportionate share of their incomes. Read the Full Report

Center for American Progress: How the Ryan Budget Fails Our Economy by Failing Economics

• By ITEP Staff

When House Budget Committee Chairman Paul Ryan (R-WI) introduced his latest budget resolution, it predictably included harsh cuts to the vital programs for poor and middle-class Americans that are at the core of the progressive agenda. But the House Republican budget is not just contrary to progressive values; it is also the wrong approach for […]

The Camp Tax Plan Is a Regressive $1.7 Trillion Tax Cut

• By ITEP Staff

The Chairman of the House Ways and Means Committee, Dave Camp (R-Mich.), has a tax overhaul plan that would cut the top personal income tax rate down from about 40 percent to 35 percent and slash the corporate tax rate from 35 percent to 25 percent. Camp claims his plan would still break even revenue-wise […]

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Most Americans Live in States with Variable-Rate Gas Taxes

• By Carl Davis

The federal government and many states are seeing shortfalls in their transportation budgets in part because the gasoline taxes they use to generate those funds are poorly designed. Thirty-two states and the federal government levy "fixed-rate" gas taxes where the tax rate does not change even as the cost of infrastructure materials inevitably increases over time. The federal government's 18.4 cent gas tax, for example, has not increased in over twenty years. And almost half…

Center on Budget and Policy Priorities: Lessons for Other States from Kansas’ Massive Tax Cuts

• By ITEP Staff

Tax cuts enacted in Kansas in 2012 were among the largest ever enacted by any state, and have since been held up by tax-cut proponents in other states as a model worth replicating.  In truth, Kansas is a cautionary tale, not a model.  As other states recover from the recent recession and turn toward the […]

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Tennessee Hall Tax Repeal Would Overwhelmingly Benefit the Wealthy, Raise Tennesseans’ Federal Tax Bills by $60 Million

• By Carl Davis

A new analysis performed using the ITEP Microsimulation Tax Model shows that the vast majority of Tennesseans would see very little benefit from Hall Tax repeal. Nearly two-thirds (63 percent) of the tax cuts would flow to the wealthiest 5 percent of Tennessee taxpayers, while another quarter (23 percent) would actually end up in the federal government's coffers. Moreover, if localities respond to Hall Tax repeal by raising property taxes, some Tennesseans could actually face…

Maryland Center on Economic Policy: Study Finds Many Large Corporation are Not Paying their Fair Share; Proposed Legislation Would Help

• By ITEP Staff

While state lawmakers in Annapolis discuss cutting important services and investments in an effort to balance Maryland’s state budget, we got further evidence today that large, profitable corporations are able to avoid paying their fair share of state taxes that support those services and investments. According to a new report, the 269 Fortune 500 companies […]

NC Policy Watch: Profitable corporations avoid paying fair share of taxes

• By ITEP Staff

As our state leaders continue to look for ways to give more and more tax cuts to profitable corporations, these corporations continue to find ways to avoid paying their fair share of taxes. It is a win-win proposition: Heads they win; Tails they still win! Read the Full Report

Pennsylvania Budget and Policy Center: Pa. Companies Like PPL, Heinz Paid Little or Nothing in State Income Taxes

• By ITEP Staff

Many profitable Fortune 500 companies including Pennsylvania-based PPL, H.J. Heinz, Airgas, Allegheny Technologies, Hershey, and Comcast are paying little or nothing in state income taxes thanks to loopholes, tax breaks, and crafty accounting, according to a new report from the Institute on Taxation and Economic Policy (ITEP) and Citizens for Tax Justice (CTJ). Read the […]

Oregon Center for Public Policy: Profitable Corporations Pay No Oregon Income Taxes

• By ITEP Staff

Some highly profitable corporations are finding ways to avoid paying any state income taxes, Oregon and national data show. At least 24 corporations that made a profit in Oregon in 2011, including eight with profits of over $5 million, paid no Oregon income taxes for that year, according to the Oregon Center for Public Policy’s […]

Kentucky Center for Economic Policy: While Kentucky’s Budget Faces More Cuts, Profitable Fortune 500 Companies Avoid Paying State Corporate Income Taxes

• By ITEP Staff

As Kentucky and other states struggle with tough budget decisions about essential public services, profitable Fortune 500 companies including Kentucky-based Yum Brands and Humana pay little to nothing in state corporate income taxes around the country, according to a new study by the Institute on Taxation and Economic Policy and Citizens for Tax Justice. Read […]

Voices for Illinois Children: Profitable Companies in Illinois Not Paying Their Fair Share of State Income Taxes

• By ITEP Staff

Over the past five years, many profitable Fortune 500 corporations, including several based in Illinois, paid little or no state income taxes to any of the states in which they do business thanks to copious loopholes, lavish giveaways, and crafty accounting. That’s the conclusion of a new report, released by Citizens for Tax Justice and […]

Wisconsin Budget Project: New Report Shows Major Corporations Based in Wisconsin Pay Little in State Income Tax

• By ITEP Staff

  A number of large, profitable corporations in Wisconsin pay little or nothing in state corporate income tax, according to a new report. Loopholes, tax credits, and creating accounting keep the amount these corporations pay in income tax to a minimum. A study by the Institute on Taxation and Economic Policy and Citizens for Tax […]

North Carolina Justice Center: Tax change for multistate corporations would harm state investments

• By ITEP Staff

State lawmakers are considering a change that would provide a tax cut to a handful of corporations and no guarantee of job creation, says a report released this morning by the Budget & Tax Center, a project of the NC Justice Center. It would also reduce available revenue for public investments by $90 million over […]