In total, they paid $23.6 billion in federal taxes, according to the Taxpayer Advocate Service, an arm of the Internal Revenue Service. Separately, undocumented workers pay nearly $12 billion in…
An Institute on Taxation and Economic Policy analysis finds that, on average, companies that are opposed to the Border Adjustment Tax pay higher tax rates than a coalition of companies…
According to figures compiled by the Institute on Taxation and Economic Policy (ITEP), a left-of-center group based in Washington D.C., between 2008 and 2015 Sempra earned $7 billion in profit…
Regardless of the motivation for the move, tax experts applaud the decision to make state sales tax collection standard. “This expansion in Amazon’s tax collection practices represents a step forward…
Furthermore, any attempt to tax imports will likely be retaliated against in other countries by enacting similar trade measures that boost their own exports and penalize U.S. imports. In a…
Whatever happens on taxes at the federal level, a debate on how Congress might or should broaden the base of what’s taxable is likely to occur, and that will be…
Matthew Gardner, a senior fellow at the nonprofit Institute on Taxation and Economic Policy, which lobbies for tax fairness, said Boeing “continues finding new bases for postponing taxes.” “Boeing’s prodigious…
The analysis starts with state and local taxes, which are often ignored by apologists for big-income tax cuts. According to the Institute on Taxation and Economic Policy, the state and local tax rate…
While on the campaign trail, Donald Trump called CNN’s Erin Burnett “naive” for suggesting “illegal immigrants” pay taxes. But nationally, they contribute an estimated $11.64bn a year in just state…
Newhouse cited a statistic from the nonpartisan Institute on Taxation and Economic Policy, which found that the bottom 20 percent of income earners in the state of Missouri pay 5.8…
The wealthiest Americans will see the biggest benefit from the Republican plan to repeal the tax on investments and additional Medicare tax in the Republican American Health Care Act, a…
April 1 will mark the longest-running streak that the federal gas tax has remained stagnant, a short analysis from the Institute on Taxation and Economic Policy reveals. Saturday will mark…
A new Institute on Taxation and Economic Policy analysis of tax provisions in the American Health Care Act provides a 50-state breakdown of how taxpayers would be affected by the…
“Caterpillar appears to have elevated international tax avoidance to an art form,” said Matt Gardner, the former director of the left-leaning Institute on Taxation and Economic Policy. “From that perspective,…
According to the nonpartisan Institute on Taxation and Economic Policy, Washington has the most unfair state and local tax system in the country. Read more According to the non-partisan Institute…
A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is…
Nationwide, undocumented immigrants pay about $11.7 billion a year in state and local income, sales and property taxes, including about $1.5 billion in Texas, according to the nonpartisan Institute on…
A new study by the Institute on Taxation and Economic Policy demonstrates that any reform must be in multiple directions, rather than in just reducing rates at the top. President…
Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4…
A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is…
Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4…
Who would argue taxes with H&R Block? Matt Gardner would, but only a little. Gardner was the lead author of a recent study by the Institute on Taxation and Economic…
However, because of a new study by the non-partisan Institute on Taxation and Economic Policy (ITEP) we do know that more than half of wealthy Fortune 500 companies find ways…
However, the practice isn’t unusual. About $2.5 trillion has been held offshore in about 10,000 tax-haven subsidiaries by more than 350 of Fortune-500 companies, according to another report, “Offshore Shell…
According to information supplied by Carl Davis, research director for the Institute on Taxation and Economic Policy (ITEP), Washington, D.C., states were more active in changing their rates in the odd-numbered…
