The Institute on Taxation and Economic Policy (ITEP) found that over the eight-year period from 2008 to 2015, 258 profitable Fortune 500 companies paid an average effective federal income tax rate of…
The lawsuit was filed after Senate Republicans unsuccessfully tried to repeal Obamacare despite campaigning on the issue for years. “Repealing ObamaCare has always been about tax cuts for the rich,”…
As the Institute on Taxation and Economic Policy (ITEP) wrote in an April report, “Even with more federal support, states will need home-grown revenue solutions in the short, medium and long…
Matt Gardner of the liberal Institute on Taxation and Economic Policy thought this particular portion of the SALT debate had a number of layers to it. Among them: Deductions for…
Many states have tax systems that are regressive: They take a greater share of income from the poor than the rich. And because a disproportionate share of the richest taxpayers…
A study released Thursday by the Institute on Taxation and Economic Policy (ITEP) showed Illinois’ flat tax system disproportionately affects Black and Hispanic taxpayers. According to the study, the state’s…
Another group has weighed in on the graduated income tax ballot questions voters will decide on in November. A research study conducted by the Institute on Taxation and Economic Policy…
Flat Tax Pitfalls: Illinois’ flat income tax perpetuates inequities that force minority communities to pay a large chunk of their earnings to the state, while permitting upper-income taxpayers to retain…
And on Thursday, Yes for Fairness promoted a study from the Institute on Taxation and Economic Policy, a left-leaning think tank, that said it found the long term effects of…
The $10,000 cap on state and local tax deductions imposed as part of the 2017 Republican tax law is not causing high-income taxpayers to flee high-tax blue states, according to…
Notably, property taxes are regressive — though not as much as sales tax, according to the left-leaning Institute on Taxation and Economic Policy. Read more
Critics of state tax credits say the IRS workaround rules were a common-sense effort to address donors double-dipping on tax credits — essentially collecting state and federal tax benefits on…
Carl Davis of the progressive Institute on Taxation and Economic Policy wrote a piece last week using new IRS data that specifically focused on the $10,000 cap on state and…
Media contact Following is a statement by Steve Wamhoff, federal policy director at the Institute on Taxation and Economic Policy, regarding President Trump’s executive order that would suspend the employee…
It’s not surprising that millionaire and billionaire donations to President Trump’s re-election campaign have tapered off. Yes, he promised — and provided — billions in tax cuts for the wealthiest.…
The structure of the Child Tax Credit, for instance, “leaves behind some of our lowest-income children of color,” because of the way the credit is phased in as earnings increase,…
According to analyses by the Institute on Taxation and Economic Policy and New Jersey Policy Perspective, modest adjustments to income tax rates on those earning $250,000 and more would raise…
Apple has increased its buybacks since it used the Trump administration’s 2017 tax law to bring back most of the $252 billion it had once held abroad. (The law saved…
How did you make out with the big Trump tax bill? According to the Institute on Taxation and Economic policy, they cut the corporate tax rate by fourteen percent. Most…
The cost of the $2,000 stimulus checks would dwarf any other proposal passed by Congress so far; according to one estimate from the Institute on Taxation and Economic Policy, the payments…
Experts say there would still be a slight hit to the Social Security trust fund if the payroll tax payments don’t end up getting excused. That would mean companies would…
The amount of payroll tax deferred depends on how much one makes. Based on analysis by the Institute on Taxation and Economic Policy, the four month deferral would amount to $1,060 for…
A 2018 study from the Institute on Taxation and Economic Policy further found Washington to have the most regressive tax system in the country. Washington workers in the bottom 20th percentile…
