According to an analysis by the Institute on Taxation and Economic Policy for the second year running, Amazon made a profit of more than $11 billion in 2018, but reported a $129 million tax…
But critics argue that the administration could open the door to a variety of unintended consequences, including allowing investors to exploit the change. Steve Wamhoff, the director of federal tax…
While it is difficult to say exactly how much undocumented immigrants contribute in taxes today, a 2013 report from the Institute On Taxation and Economic Policy highlighted how “the 11.2…
Amazon paid $0 in federal income tax in the U.S. in 2018 after making over $11 billion in profits, according to an analysis by the Institute on Taxation and Economic…
Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, agreed that the rate alone isn’t enough. “If we raise the corporate income tax rate…
And an analyst with the Institute on Taxation and Economic Policy said one of the alleged benefits — that the tax holidays stimulate spending — is bogus. Why? Because if…
But not everyone is sold on the value of sales-tax holidays. The Washington, D.C.-based Institute on Taxation and Economic Policy, a non-profit liberal think tank, calls such holidays an “outdated…
The Washington, D.C.-based Institute on Taxation and Economic Policy, a non-profit liberal think tank, calls such holidays an “outdated gimmick.” Dylan Grundman, a senior policy analyst for the institute, argued…
Immigrants contribute more in tax revenues than they receive in government benefits. Per the Institute on Taxation and Economic Policy, undocumented immigrants pay an estimated $11.6 billion annually in taxes,…
While the sales tax is the workhorse of Tennessee’s budget, it’s also seen by critics as a “regressive tax” in that it takes a larger percentage of income from the…
While some critics, like Carl Davis, the research director of the Institute on Taxation and Economic Policy, argue that Harris’s bill would just be a tax-cut for Big Marijuana, the…
But wait, there’s more bad news for Nevada. The New York Times editorialized last Sunday on the growing trend toward inequality caused by how state and local taxes are assessed.…
So how might this actually be a tax cut? By removing marijuana from the controlled substance list, Harris and Nadler would also make legitimate businesses eligible to deduct routine business…
Arduin, Laffer & Moore has been criticized by economists for what some see as less than rigorous methods. One Oklahoma study on eliminating the state’s personal income tax produced by…
Harris’ proposal would impose a 5% federal tax on pot to pay for new social justice program. Her legislation would also extend significant income tax deductions that have been unavailable to…
Low-income households in Illinois pay about 14 cents in state and local taxes from every dollar of income, while the state’s most affluent households pay about 7 cents per dollar.…
… with 2018, with 60 Fortune 500 companies paying no federal taxes at all, according to a 2018 study by the Institute on Taxation and Economic Policy. Read more
But the tax holidays put a damper on state revenue and don’t necessarily deliver the business results they promise, said Dylan Grundman, a senior policy analyst at the Institute on…
The estimated revenue loss to New Hampshire was $177 million in 2018, according to a Jan. 17 review by the Institute on Taxation and Economic Policy. The name of the…
Amazon made $10.8 billion last year and did not pay a penny in corporate income tax. In fact, it claimed a federal income tax rebate of $129 million. It’s not…
Whether the final rule will ultimately deter people from donating to these funds remains to be seen. “If you’re really passionate about private school vouchers in Georgia, you donate and…
This conundrum may come as a surprise to those who noticed that Amazon, Netflix, General Motors, and at least 57 other Fortune 500 companies didn’t pay a cent in US…
Former President Obama proposed raising capital gains rates for high earners to 28 percent, still short of the top ordinary income tax rate. During the 2016 presidential campaign, Democratic nominee…
So, what is Amazon’s tax rate? According to The Institute on Taxation and Economic Policy, it was at 11% from 2011 to 2016, which was apparently too much for owner…
Big technology companies such as Amazon have been hit with criticism in recent months, including after the Institute on Taxation and Economic Policy (ITEP) reported in February that the online…
