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 that the latter group performed significantly better on more than half a dozen measures of economic well-being, the Institute on Taxation and Economic Policy said […]

The Trump Administration and GOP leaders continue to wrap their multi-trillion tax cut gift to the wealthy in easily refutable rhetoric about boosting the nation’s middle class. Later today, trucks and truck drivers will serve as a backdrop for a Pennsylvania speech in which Trump is anticipated to talk about how proposed tax changes that […]

The White House has said the tax reform framework was crafted with the middle class in mind. However, a report released Oct. 4 by the Institute on Taxation and Economic Policy, said the richest 1 percent of residents in all but a handful of states would receive at least half of the tax cuts being […]

Passing a budget is supposed to provide a structure for our elected officials to responsibly manage our nation’s finances and public investments. But that is not the purpose of this budget resolution.

The Trump-GOP tax plan is touted as plan for the middle-class but delivers a boon to the wealthy, throws a comparative pittance to everyone else and even includes a dose of tax increases for some middle- and upper-middle-income taxpayers. The data belie the rhetoric.

The ITEP report concludes that many of the most affected people would be middle-income and upper-middle income taxpayers. For example, in Maryland, about one-third of those making from $48,700 to $73,700 would face a tax hike, while 41 percent of those between $73,700 and $126,500, would face an increase, the study says. And almost 65 […]

https://www.washingtonpost.com/news/politics/wp/2017/10/05/how-the-trump-tax-plan-could-affect-someone-in-your-state-with-your-income/?utm_term=.819c02760361