Institute on Taxation and Economic Policy

ITEP's Research Priorities

The Maui News: Undocumented immigrants on Maui are unsure of future

March 13, 2017

In the U.S., more than 60 percent of undocumented immigrants have lived in the country for more than a decade, according to a report by the Institute on Taxation and Economic Policy. Many are mixed-legal status families. They pay an estimated $11.74 billion a year in taxes and contribute to Social Security but never take […]

Quad City-Times: Embrace immigrant past, be welcoming community

March 13, 2017

Immigrants are more likely to start a business than native-born Americans and are particularly over-represented in Main Street business — retail, restaurants and neighborhood services — that are crucial to local economies. They also contribute to local tax bases. Even unauthorized immigrants paid $11.74 billion in state and local taxes in 2014 ($758 million just […]

Scranton Times-Tribune: Tax Season Just for Some

March 13, 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 […]

Washington Post: We Didn’t Think We Agreed on Undocumented Immigrants

March 13, 2017

In fact, undocumented residents in the United States pay an estimated $11.74 billion annually in state and local taxes, an amount that would increase significantly if these immigrants were given a pathway to citizenship, according to a new report from the Institute on Taxation and Economic Policy. Read more

Investopedia: How Fortune 500 Companies Avoid Paying Income Tax

March 13, 2017

The Institute on Taxation and Economic Policy (ITEP), in a recent study, found that over the eight-year period from 2008 to 2015, 258 profitable Fortune 500 companies paid an average effective federal income tax rate of 21.2%. Over that same period, exactly 18 companies, including General Electric, International Paper, Priceline.com and PG&E Corp., avoided paying […]

CNBC: Business taxes may sound high, but these companies pay a lot less

March 13, 2017

The U.S. corporate tax rate may be 35 percent, but most companies end up paying far less after accounting for specific tax breaks. Some, like utilities, gas and electric companies, paid only 3.1 percent in taxes on their domestic income over the last eight years, according to an updated study released this week by the […]

CNBC: Tax policy expert: The 35% corporate rate is a myth, so cutting it won’t bring overseas money back

March 13, 2017

Don’t expect big companies to bring profits back from overseas in response to a U.S. corporate tax cut, said Matthew Gardner of the Institute on Taxation and Economic Policy. The lead author of a new report titled “The 35 Percent Corporate Tax Myth” told CNBC on Friday that scores of profitable Fortune 500 companies had, […]

The 35 Percent Corporate Tax Rate Is a Myth for Many Profitable Companies

March 9, 2017

258 Fortune 500 Companies Were Consistently Profitable Over an 18-Year Period and Paid a 21.2 Percent Average Effective Tax Rate A comprehensive, eight-year study of profitable Fortune 500 corporations finds that, on average, the nation’s richest firms paid a 21.2 percent effective tax rate between 2008 and 2015, but a significant number (100) managed to […]

New York Times: U.S. Corporate Taxes Explained

March 9, 2017

This New York Times Facebook video features ITEP Senior Fellow Matthew Gardner explaining how profitable Fortune 500 companies exploit loopholes in the tax system to avoid paying the statutory corporate tax rate and, in some instances, zeroing out their federal tax obligation.

Palm Beach Post: FPL’s NextEra Energy paid no income taxes during six of eight years

March 9, 2017

he 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 officials did not immediately respond to a request for comment Thursday afternoon. “Over the past eight years from 2008 to […]

The Street: Corporate Tax Cuts Could Add 15% to S&P 500

March 9, 2017

A new study from the Institute on Taxation and Economic Policy (ITEP) found that 258 consistently-profitable Fortune 500 companies paid an effective federal income tax rate of 21.2% over an eight-year period, well below the statutory 35%. Eighteen corporations, including General Electric (GE) and Priceline (PCLN) , paid no federal income tax, and one-fifth of […]

New York Times: Profitable Companies, No Taxes: Here’s How They Did It

March 9, 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 […]

Public News Service: Study Shows Undocumented Immigrants Benefit NY

March 9, 2017

Unauthorized immigrants are about 5 percent of the labor force in the state, are responsible for 3 percent of the state’s economic output and pay more than $1 billion a year in state and local taxes, the Fiscal Policy Institute research said. David Dyssegaard Kallick, director of the Institute’s Immigration Research Initiative, said that tax […]

Vice News: Deporting undocumented immigrants could lose states $11 billion in taxes, study finds

March 9, 2017

Just because an immigrant is undocumented doesn’t mean her taxes are. In fact, undocumented immigrants currently pay more than $11 billion in state and local taxes each year, according to a report released Wednesday by nonpartisan think tank Institute on Taxation and Economic Policy. If these immigrants were to receive legal status, they’d likely contribute about […]

The Seattle Times: Tax Code Upside Down

March 9, 2017

According to a 2015 state-by-state report from the Institute on Taxation and Economic Policy, middle-and lower-income households in Washington state pay up to 17 percent of their incomes in taxes while the average rate among the very wealthiest households is less than 3 percent. Washington has the most inequitable tax system in the nation. Read […]

The Oregonian: Bills would force Oregon companies to share tax information

March 9, 2017

Ryan Deckert, president of the Oregon Business Association, said competitors in other states would use the information to get a leg up on the competition. According to the Institute on Taxation and Economic Policy, few states require companies to share tax information, but Massachusetts, per its state website, requires disclosure of sales, profits, taxes paid, […]

The Hill: Sanders offers bill aimed at preventing corporate tax avoidance

March 9, 2017

A report from the liberal Institute on Taxation and Economic Policy released Thursday found that Fortune 500 companies that were profitable each year between 2008 and 2015 had an average effective tax rate of 21.2 percent. Sanders’s bill would end the ability for corporations to defer paying U.S. taxes on their foreign earnings until the […]

The Business Journals: $178 billion in profits, no taxes paid

March 9, 2017

A new study from the Institute on Taxation and Economic Policy illustrates the degree to which that practice is playing out. The study show how 258 profitable Fortune 500 companies collectively“paid an effective federal income tax rate of 21.2 percent” from 2008-15, with 18 companies paying no federal income tax during that time despite earning […]

The Street: Trump’s Immigration Order Makes It Harder for Him to Deliver on Economic Promises

March 8, 2017

According to the Institute on Taxation and Economic Policy (ITEP), undocumented immigrants contribute about $11.6 billion to the economy annually. A recent report from the National Academies of Sciences, Engineering and Medicine found that immigration has an overall positive effect on long-run economic growth in the United States. The foreign born have accounted for more than […]

The Connecticut Post: A giant sucking sound on the horizon

March 8, 2017

The nonpartisan Institute on Taxation and Economic Policy broke it down more. They pay more than $125 million in just state and local taxes in Connecticut. That would rise by more than $20 million if they had legal status. Republican presidential candidate Mitt Romney once said you can’t take that much money out of an […]

Akron Beacon Journal: Our Voices of Reason on Immigration

March 8, 2017

The Institute on Taxation and Economic Policy reported last week that illegal immigrants in Ohio pay $83 million a year in state and local taxes. With full legal status, they would pay another $25 million. Immigrants and refugees expand the economic pie. Eduardo Porter of the Times recently noted in a column that the 26 […]

The Christian Science Monitor: Why Authorities Just Raided Caterpillar

March 8, 2017

The questions go beyond whether the financial activities were legal or illegal. The news puts names and faces on the problems of political cronyism and tax evasion by the wealthy, and on the global scale of these problems. That’s politically volatile in its own right. But the news, arriving at a time income inequality is […]

The Guardian: Fixing America’s failing infrastructure won’t be easy, despite Trump’s pledge

March 8, 2017

But a recent report by the Texas A&M Transportation Institute analyzing transportation in 471 urban areas showed that although vehicle miles had increased, fuel consumption had not risen above its pre-recession level by 2014, meaning fewer dollars had flowed into highway coffers. Read more

Kentucky New Era: State gets $36M from immigrants here illegally

March 8, 2017

The report, released Thursday by the Washington, D.C.-based Institute on Tax­ation and Economic Policy, comes as President Donald Trump works to ramp up immigration enforcement across the nation in part through an executive or­der expanding the groups of immigrants prioritized for removal and as Trump suggests he may push for broader immi­gration reform. The Kentucky […]

Univision: La millonaria contribución que hacen los indocumentados a la economía de Nueva York

March 8, 2017

“De la misma manera que el impacto horrendo de separar a familias bajo una política de deportación mavisa no debe ser ignorado, tampoco se deben pasar por alto las contribuciones significativas que hacen a la economía”, sostuvo Meg Wiehe, directora de programas en Institute on Taxation and Economic Policy (ITEP), del instituto que publicó el […]