MarketWatch looked at the calculations conducted by the Institute for Taxation and Economic Policy, an independent Washington, D.C. think-tank. Bottom line: States that voted for Trump will get 56% of…
According to the Institute on Taxation and Economic Policy, 27 states have raised their gas taxes since 2013, including every state adjacent to Ohio. The gas tax affects what people…
State and local taxes effectively redistribute national income from the poor to the very rich, according to data released this week by the Institute on Taxation and Economic Policy, a…
According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018 derived from state-sanctioned recreational sales surpassed $1 billion — a 57 percent increase…
Since 2013, 27 states have approved gas tax increases, according to an analysis from the Institute on Taxation and Economic Policy. Read more (subscription)
Its 10-K estimates its federal income tax liability at $-22.176 for 2018 — hence ITEP’s conclusion that it won’t pay the government any money for the year. “When I say…
One feature of sales taxes is that they cost lower-income people a bigger chunk of what they take in than is the case for more affluent people. In Minnesota the…
“Most public finance experts will tell you if you have sales tax it should be applied to a broad base,” said Carl Davis, the research director at the Institute on…
Amazon’s expected tax avoidance comes despite it nearly doubling its U.S. profits to $11.16 billion in 2018, according to the Institute on Taxation and Economic Policy (ITEP), a nonpartisan tax…
While it’s impossible to get the exact numbers because of the limited data available, researchers at the left-leaning Institute for Taxation & Economic Policy estimate that undocumented workers paid a…
Specifically, a 2017 report estimates that over 149,000 Americans are now working full-time in the cannabis industry. According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018…
Carl Davis, the research director for the Institute on Taxation and Economic Policy, noted that the new tax credit would be extremely generous in providing a 100 percent tax break,…
The GILTI income subject to the tax is the income earned through a controlled foreign corporation that exceeds 10 percent of the value of the CFC’s tangible, depreciable assets, such…
But the policies of various states are all over the map. Data provided by the Institute on Taxation and Economic Policy shows that 11 states tax some portion of Social…
According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018 derived from state-sanctioned recreational sales surpassed $1 billion – a 57 percent increase…
The Institute on Taxation and Economic Policy found that Amazon, which reported $11.2 billion in profits in 2018, did not pay income taxes due to unidentified “tax credits” in their disclosure. The report…
While it’s common for corporations to seek tax breaks in exchange for moving to a particular location, Amazon’s solicitation was unusual in how public it was. Corporate location experts say…
But analysts with the nonpartisan Institute on Taxation and Economic Policy say it’s inaccurate to isolate the SALT deduction. In reality, the average taxpayer in New Jersey will pay less.…
Those with the very highest incomes have benefited disproportionately from tax cuts, and that lost revenue is driving the federal deficit ever higher. The Institute on Taxation and Economic Policy…
The Institute on Taxation and Economic Policy noted recently that Netflix logged record profits in the U.S. in 2018, some $845 million, and ended up not owing any federal taxes.…
With the benefits of the tax cut spread out across 52 weeks, the gain may have been hard to spot, especially if workers saw increases in health insurance premiums or…
Following is an excerpt from an op-ed by ITEP deputy director Meg Wiehe published in Newsweek Magazine: The historic role tax and other policies have played in exacerbating the wealth…
According to a blogpost from the Institute on Taxation and Economic Policy, the company posted its largest ever profit in 2018 – $845m – but paid no federal (or state)…
