Following is an excerpt written by Carl Davis, ITEP’s research director, and published in Fortune. Many lawmakers in Congress and in statehouses around the country peddle the same supply-side theory…
The figures are staggering. At least 366 of the Fortune 500 companies have established subsidiaries in tax-haven countries. The companies pay an average tax rate of 6.1% on their “foreign”…
But this little adjustment would barely shift the overall effects of the tax plan at all. “Taxpayers with total income exceeding $1 million would receive an average tax cut of…
Most of the Republican opposition came from the GOP’s plan to eliminate deductions for state and local taxes, with 11 Republicans from New York and New Jersey voting against the…
A report from the Institute on Taxation and Economic Policy examines the results of a natural experiment on taxation that has emerged within our country: The economic performance of the…
Since 2013, 26 states have raised their gas taxes with eight alone in 2017, according to a report conducted by the Institute on Taxation and Economic Policy, a non-profit and…
The Institute on Taxation and Economic Policy releases a report showing that states with higher personal income taxes have higher economic growth, higher wage growth, and lower unemployment than states…
The Institute on Taxation and Economic Policy finds that 84% of the tax cuts received by New York State residents would go to the richest 1% of households here —…
The 1 percent gets served first, of course. The wealthiest Minnesotans will receive 62 percent of the state’s tax cuts next year for an average of $66,000, according to the…
According to a recent report by the Institute on Taxation and Economic Policy and the U.S. PIRG Education Fund, 73 percent of Fortune 500 companies have subsidiaries in a low-tax…
The loss of the state and local tax deduction would mean higher taxes for 26.4 percent of New Jersey taxpayers, according to a study by the Institute on Taxation and Economic…
Researchers at the non-partisan and non-profit Institute on Taxation and Economic Policy compared the nine states without personal income taxes, which include Florida, Texas and Washington, to the nine states…
A comparative analysis of economic trends in the nine states that do not levy an income tax and the nine states that levy the highest top income tax rates found…
Rust Belt states Ohio, Michigan and Indiana are not home to large populations of $1 million household income earners. Rather, they’re in the middle or bottom of the pack, according…
Every year, U.S.-based multinational corporations use tax havens to avoid paying an estimated $100 billion in federal income tax. According to a report from the Institute on Taxation and Economic Policy,…
According to the the Institute on Taxation and Economic Policy, it would be a tale of two classes. The top 1% (those earning over $600,000) would see an average tax cut…
Piper was among several Fierce lobbyists working for Apple on the bill in the Senate, House, and the Executive Office of the President. Apple — the company that had over $230…
There’s no argument over who benefits from the current Republican proposal to cut taxes, if you put aside ideology and honestly look at the numbers. According to analyses from the…
Another reason Trump’s message may not land? Many economists don’t think that corporate tax cuts will lead to higher wages. “It’s a pretty far-fetched claim,” said Matthew Gardner of the…
In this radio interview, ITEP research director Carl Davis discusses the downfalls of using tax credits for private education. Carl is featured around the 8:40 mark. Read more
Carl Davis for the Institute on Taxation and Economic Policy: In announcing a tax cut framework in Indianapolis that was negotiated with House and Senate leaders, President Trump said, “Indiana…
A study by the Institute on Taxation and Economic Policy in Washington DC found about 60 percent of the proposed tax cuts would benefit the top 1 percent of income earners in Wisconsin.…
New research has revealed that 73% or 366 companies on the Fortune 500 list, including brands as big as Nike, Apple and Citigroup, used tax havens to avoid US taxes…
The Institute on Taxation and Economic Policy (ITEP), a nonpartisan organization, has warned, “Corporations would have even greater incentives to engage in accounting gimmicks to make their U.S. profits appear…
A new report by the U.S. Public Interest Research Group Education Fund and the Institute on Taxation and Economic Policy finds that nearly three-quarters of Fortune 500 companies used offshore…
