Institute on Taxation and Economic Policy

ITEP's Research Priorities

Queen Anne News: Seattle’s proposed soda tax doesn’t go far enough

March 22, 2017

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 on Taxation and Economic Policy, Washington state has the most unfair state and local tax system in the country. The state’s reliance on sales taxes […]

Arizona Daily Sun: Trump corporate tax cut must be paired with reforms

March 22, 2017

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 nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. One-hundred of the firms had at […]

Dallas News: For Trump loyalist and the neighbors she hates, immigration policy more than politics

March 22, 2017

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 Taxation and Economic Policy. And more than 4 million people who do not have Social Security numbers – most of them undocumented immigrants – file […]

Altoona Mirror: Tax season shows why reforms needed

March 22, 2017

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 Donald Trump and others often lament that the top corporate tax rate is too high at 35 percent. But the study found that massive tax […]

The Capital Times: Dems’ bill promotes an economy that works for everyone

March 22, 2017

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 percent (“Pulling Apart 2016,” by the Wisconsin Budget Project and COWS). Not only are middle-income people paying the largest percentage of their income of any […]

Ventura County Star: Corporate tax cut must include reform

March 22, 2017

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 nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. A hundred of the firms had […]

Urban Milwaukee: Democrats’ Tax Proposal Helps Middle Class

March 22, 2017

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 percent (Pulling Apart 2016, by the Wisconsin Budget Project and COWS). Not only are middle income people paying the largest percentage of their income of […]

Kansas City Star: Who would argue taxes with H&R Block? This guy, but only a little

March 22, 2017

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 Policy titled “The 35 Percent Corporate Tax Myth.” The study’s conclusion was that many big, profitable companies already pay far less than the 35 percent […]

Huffington Post: Companies That Cheat on Their Taxes

March 22, 2017

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 to way underpay on their income taxes, and some big named companies pay no taxes at all. Are they tax cheats? You decide! Read more

The Register-Mail: Change ‘tax avoidance’ laws

March 22, 2017

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 Games 2016,” from the Public Interest Research Group, the Institute on Taxation and Economic Policy, and Citizens for Tax Justice. Companies such as Apple and […]

Gas 2.0: Fuel Taxes Likely to Increase in 2017 in States without Elections

March 22, 2017

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 years of 2013 and 2015 but less so in the even-numbered years of 2014 and 2016. “If there’s not an election in November, then more […]

Palm Beach Post: NextEra Energy disputes report saying it paid no income taxes

March 22, 2017

The study, The 35 Percent Corporate Tax Myth conducted by the left-leaning Institute on Taxation and Economic Policy in Washington, D.C., examined eight years of data on federal income taxes of 258 profitable companies. NextEra Energy spokesman Mark Bubriski called the report a stunt that intentionally leaves out relevant context in order to paint a […]

CSP Magazine: Why 2017 Looks Bullish for State Gas-Tax Increases

March 22, 2017

“If you go back to 2013, we’ve seen a significant group of states—19—enact gas-tax increases or reforms of some type. In many cases, these are states that have gone years or even decades without adjusting their fuel-tax rates,” says Carl Davis, research director for the Institute on Taxation and Economic Policy (ITEP), Washington, D.C. Read […]

San Diego Union-Tribune: Trump corporate tax cut must be paired with reforms

March 22, 2017

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 nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. One-hundred of the firms had at […]

CBS MoneyWatch: Meet the 18 profitable companies that paid no taxes over 8 years

March 13, 2017

President Donald Trump and the GOP leadership have vowed to reduce U.S. corporate taxes, arguing that the statutory 35 percent rate is far too high.  But thanks to loopholes and tax-minimization strategies, few large, profitable corporations actually pay that rate. Among the roughly half of Fortune 500 companies that were consistently profitable between 2008 and […]

The Huffington Post: The Country That Everyone Used To Know

March 13, 2017

Trump either cannot distinguish facts or he doesn’t care. He says crime is up when crime is down. He says, “I’m the least racist person there is,” then bans Muslims from entering the country. Do we even know how this will affect the economy? Undocumented immigrants currently contribute $11 billion in taxes each year, according […]

Alaska Dispatch News: How billion-dollar companies paid nothing in taxes

March 13, 2017

Although the top corporate rate is 35 percent, hardly any company actually pays that. The report, by the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, found that 100 of them — nearly 40 percent — paid no taxes in at least one year between 2008 and 2015. Eighteen, including General […]

The Herald: Democrats, give us a reason to vote for you

March 13, 2017

The Institute on Taxation and Economic Policy says we have the most regressive tax system (harder on lower incomes) in the nation, and Democratic leaders in this state are determined to add to that tax burden. Read more

Boston Business Journal: ​Five things you need to know today, and a rough run for retail

March 13, 2017

With the corporate tax rate getting more attention under a Trump presidency than ever before, here’s a story for you: Eighteen companies — including two based in Massachusetts— paid no federal income tax from 2008 to 2015, despite earning pretax profits of nearly $178 billion over that time, according to a new study from the […]

Idaho Statesman: Unauthorized immigrants in Idaho pay millions in state and local taxes, report says Read more here: http://www.idahostatesman.com/news/state/idaho/article137452418.html#storylink=cpy

March 13, 2017

Unauthorized immigrants living and working in Idaho pay an estimated $28.6 million annually in state and local taxes, according to a new report by a Washington, D.C.-based think tank. They contributed $2.8 million in individual income taxes, $8.8 million in property taxes, and $17 million in sales and excise taxes to the state in 2015, […]

Cincinnati Business Courier: P&G among biggest beneficiaries of tax breaks; here’s how other Cincinnati companies fared

March 13, 2017

P&G had an effective federal corporate tax rate of 22.3 percent, paying $14.9 billion in taxes on nearly $67 billion in U.S. profits over that eight-year period, according to the Institute on Taxation and Economic Policy. A spokesman for P&G didn’t immediately provide a comment to the Business Courier. The Institute on Taxation and Economic […]

CNBC: Shares of General Electric rise on report that Immelt could be ‘pushed into retirement’

March 13, 2017

An uptick in stock price comes as a report was issued Thursday by the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, claiming that 100 corporations, including GE, paid no taxes in at least one year between 2008 and 2015. The report also says that GE incurred a total federal income […]

The Seattle Times: GE, Priceline among top corporations paying no income tax over last 8 years

March 13, 2017

Although the top corporate rate is 35 percent, hardly any company actually pays that. The report, by the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, D.C., found that 100 of them — nearly 40 percent — paid no taxes in at least one year between 2008 and 2015. Read more

Washington Post: Undocumented and paying taxes, they seek a foothold in the American Dream

March 13, 2017

About half of undocumented immigrants file personal tax returns, channeling $1.1 billion to state coffers, according to the Institute on Taxation and Economic Policy. The IRS could not say how much ITIN filers paid in income taxes last year, but past federal reports have estimated that they pay billions of dollars in federal taxes over […]

The Columbian: Teachers, parents and legislators gather for school funding forum

March 13, 2017

Stonier said the state should look to raise more revenue. Heather Lindberg, an education activist who ran for the Vancouver School Board in 2015, said the state’s tax code is “completely upside down” in making the poor pay a greater percentage of their income than the wealthy. (A 2015 study by the nonpartisan Institute on […]