he $10,000 federal cap on the deductibility of state and local taxes has led to a flurry of activity in red states to promote tax credits for taxpayers’ efforts to…
In July, Oklahoma, South Carolina and Tennessee were among seven states that raised their gas taxes Opens a New Window. . At least 27 states have raised or updated their gas…
While oil prices are the major component of gas prices, state taxes are often overlooked. And they are unlikely to change very much. According to the Institute on Taxation and…
State lawmakers came “out of the gate in 2011 with a pretty regressive, large-scale tax-cut plan,” said Meg Wiehe, deputy director of the Institute on Taxation and Economic Policy (ITEP),…
Massive teacher protests this spring in Oklahoma, West Virginia, Kentucky and other states prompted the Oklahoma Legislature to raise taxes on cigarettes, fuel and oil and gas production to pay for…
Meanwhile, six months after passage of the tax cut law, Virginia’s wealthiest one percent will be watching fireworks at the country club in great comfort knowing that their tax cuts…
Opponents criticize the measure as a regressive tax on Washingtonians. They note that the state — with a sales tax but no income tax — already is considered to have…
Following is an excerpt from an essay in the American Prospect by ITEP Senior Fellow Matt Gardner: Despite a full-court charm offensive by the White House, its media surrogates, and…
What’s needed is a change of policy and a change of focus. The objective should not be to decrease the supply of labor needed in the farm fields and hospitality…
The Institute on Taxation and Economic Policy said AT&T enjoyed an effective tax rate of just 8 percent between 2008 and 2015, despite the fact that the company enjoyed record…
According to an analysis released last year by the Institute on Taxation and Economic Policy, those in the bottom fifth of the income distribution paid just under 7 percent of…
The absurdity of blaming poor and moderate-income people for their circumstances is close to running its course as an effective political tool, particularly as some elected officials more boldly assert…
But the very same charge can be made against the tax credit programs for private K-12 schools, the Institute on Taxation and Economic Policy said in its report. These programs…
Tax experts say the federal government will find it difficult if not impossible to write rules to stop the workarounds in New York, New Jersey and Connecticut without also limiting…
Most states currently have some kind of sales tax, though the amount—and what items or services are taxed—varies widely from state to state. Some experts think states will need to…
It’s hard to imagine a greater encouragement for companies to shift as much profit overseas as possible, mostly to low- or no-tax havens. By the time the tax debate began,…
But Meg Wiehe, deputy director of the left-leaning Institute on Taxation and Economic Policy, notes that the federal corporate income tax cut also has an effect on high-income earners. Historically,…
While the court made clear that the states do not have unlimited power to require sales tax collection, “The court blessed South Dakota’s law,” said Carl Davis, research director for…
The decision, in South Dakota v. Wayfair Inc., was a victory for brick-and-mortar businesses that have long complained they are put at a disadvantage by having to charge sales taxes…
If you haven’t been doing this, you might get a nasty surprise at checkout if your state successfully pushes online merchants to collect those taxes. “This is about improved enforcement…
The store, which brands itself as “the official retail website of The Trump Organization,” currently names just four states in which it collects sales taxes. Before April, only two were…
Carl Davis, research director at the Institute on Taxation and Economic Policy, a Washington think tank, was quoted in The New York Times saying, “State and local governments have really…
A Trump Organization representative did not respond to a request for comment from Business Insider on how the Supreme Court decision could affect TrumpStore.com. When New York was added to…
For years, state and local governments have been dealing with a tax enforcement nightmare as out-of-state Internet retailers have refused to collect sales tax. That non-collection was facilitated by a…
“If the guardrails in the new territorial system were meant to prevent companies from avoiding all taxes, AbbVie’s (tax rate) is a pretty clear signal that these guardrails may not…
