More recently, in February, an analysis of Amazon corporate filings by the Institute on Taxation and Economic Policy found that the company got a rebate of $129 million for tax…
That’s not true. Contrary to this persistent myth, undocumented immigrants do in fact pay taxes. Millions of undocumented immigrants file tax returns each year, and they are paying taxes for…
On taxes, many of the candidates also emphasized their more left-leaning ideas to raise rates on corporations and make the tax system more progressive, while none touted plans to keep…
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, emailed this morning to say that I was reading the below section of the 10-K backward. Rather…
Income inequality has emerged as one of the top issues for Democrats in 2020, and few examples illustrate the uneven playing field in the U.S. more aptly than profitable companies…
Tlaib said in recent weeks that she was working on a bill that was like the EITC “on steroids.” The liberal Institute on Taxation and Economic Policy called the measure,…
The House Ways and Means Committee passed a Democratic bill last week to provide expansions of the earned income tax credit, the child tax credit and the child and dependent…
The left-leaning Institute on Taxation and Economic Policy (ITEP) released a report last month finding that the bulk of the benefits for many of Democrats’ tax-credit proposals would go to…
Concerns were also triggered by the tax breaks and subsidies Amazon – one of the world’s most valuable companies by market cap – would be given for building its second…
On Thursday, Biden posted on Twitter how Amazon pays a “lower tax rate than teachers and firefighters.” The New York Times in April noted how Amazon paid no taxes in 2018, citing a study from…
These beliefs are simply untrue. Dreamers, DACA (Deferred Action for Childhood Arrivals) recipients, and undocumented immigrants pay taxes including sales tax and local real estate tax. Many pay Medicare, state…
“I’ll cheerfully acknowledge that [the current provision] is not what we want to really know, but it’s also the closest thing we’re ever going to see,” said Matt Gardner, senior…
A report from the Institute on Taxation and Economic Policy earlier this year found that 60 Fortune 500 companies, including Amazon, avoided paying any federal income taxes in 2018. Amazon, which had…
An April report from the Institute on Taxation and Economic Policy found that 60 companies on the Fortune 500 did not pay any income tax on $79 billion last year…
A report from the Institute on Taxation and Economic Policy revealed that 60 companies on the Fortune 500 did not pay income tax and instead earned corporate tax rebates of…
Biden’s tweet linked to a New York Times story that cited data from the left-leaning Institute on Taxation and Economic Policy on companies that earned billions of dollars last year…
Tax experts explained that government revenue from cannabis is not a panacea for solving the country’s budget issues, but it could certainly help. According to a study by Carl Davis,…
By leveraging unspecified tax credits and stock-based compensation deductions, the company didn’t pay the 21 percent U.S. corporate tax. Instead, as first reported by the Institute on Taxation and Economic Policy, Amazon received a…
These programs range from conservation easements to private school tuition scholarships. “The private school organizations were asking for full-scale carveouts for themselves; they wanted to be exempt if the program…
Following is a statement by Carl Davis, research director at the Institute on Taxation and Economic Policy, regarding Department of Treasury regulations released today to address state policies that allow…
It’s supposed to help young companies attract capital. The congressional Joint Committee on Taxation says the provision costs the U.S. Treasury $1.3 billion a year. “There is no evidence that…
In spite of Article 44’s boundaries, the Commonwealth has effectively mitigated the flat tax for people at the lower end of the income scale by using exemptions and tax credits.…
Just before tax day in April, ITEP’s Jessica Schieder wrote that two proposals before Congress would take taxpayers in opposite directions. One was a bill passed in the House on…
Income inequality continues to be an undercurrent in public discourse about our economy and how working families are faring. It drove the national debate over the 2017 Tax Cuts and…
Plus, in 2018, 60 of America’s biggest companies paid $0 in federal taxes Opens a New Window. , despite earning billions of dollars in profits. That includes Amazon, Netflix, General…
