Institute on Taxation and Economic Policy (ITEP)

Center for Public Integrity: Big Tax Cuts for the Rich, Less for the Poor

April 26, 2017

Others see it differently. The Tax Foundation is one of the leading proponents of tax cuts that disproportionately favor the wealthy over low-income families, said Meg Wiehe, director of programs at the Institute on Taxation and Economic Policy, a liberal tax policy group that receives much of its financial support from the Ford Foundation, the […]

The American Prospect: Trump’s Big Tax Cut Is Unadulterated Trickle-Down Fundamentalism

April 26, 2017

For instance, a report from the Institute on Taxation and Economic Policy that examined the corporate tax filings of 258 Fortune 500 companies from 2008 to 2015 provided a snapshot of the realities of corporate taxation. The findings show that some of the country’s biggest and most profitable companies pay nowhere near the 35 percent […]

New York Daily News: President Trump’s Tax Plan Ignores Campaign Promises to Help Middle Class, Reduce National Debt

April 26, 2017

Nor do they jibe with his and his presidential transition team’s guarantee that there wouldn’t be a big tax cut for wealthy people — now-Treasury Secretary Steve Mnuchin promised on CNBC in late November that “there will be no absolute tax cut for the upper class” — or how it would be paid for. Trump […]

news release  

Trump Tax Plan Revives Economic Voodoo

April 26, 2017 • By Alan Essig

Trump Tax Plan Revives Economic Voodoo

Following is a statement by Alan Essig, executive director of the Institute on Taxation and Economic Policy, regarding the tax plan released today by the Trump Administration. The administration has said that this plan will be the “largest tax cut in history.” “The Trump tax plan is not tax reform but a massive tax cut […]

The Seattle Times: Washington State Relies on a Rotten Tax System

April 24, 2017

Poor people across the country pay a higher percentage of their income in state and local taxes than do wealthier people, but Washington is the worst offender in that regard. A report by the nonpartisan Institute on Taxation and Economic Policy found that in our state the 20 percent of households with the lowest income […]

New Report: DACA-Eligible Immigrants  Annually Pay $2 billion in State and Local Taxes

Young undocumented immigrants’ tax contributions would drop by nearly half if DACA protections were rescinded A new Institute on Taxation and Economic Policy report examined the state and local tax contributions of young immigrants eligible for DACA (deferred action for childhood arrivals) and found that, collectively, they annually contribute $2 billion in state and local […]

New Analysis: Average Alaskan Would Pay Less Under Income Tax Than Under Other Fiscal Options

Cutting the Permanent Fund Dividend (PFD) or Implementing a Sales Tax Would Be Costlier than Income Tax for Most Alaskans A new analysis by the Institute on Taxation and Economic Policy (ITEP) finds that for most Alaskans, a state income tax would capture less of their income than other revenue-raising alternatives such as cutting the […]

The Boston Globe: We Know This Sounds Crazy, But GE Could Help Fix Our Unfair Tax Code

April 21, 2017

Don’t worry. This isn’t yet another screed calling you out as the king of all corporate tax dodgers. By now, most people probably have a general understanding that you’ve been both aggressive and effective in reducing what you owe Uncle Sam over the years, though I suspect few appreciate just how effective. If there is […]

Vox: Undocumented Immigrants Pay Taxes Too: Here’s How They Do It

April 19, 2017

Unauthorized workers aren’t eligible for benefits like the earned income tax credit — which is what the green box on the screen was warning Gonzalez about. Nor can they get Social Security or Medicare. But the IRS still wants unauthorized immigrants to file their taxes, and many of them do. The best estimates from the […]

Forbes: A Tax Day Note to Corporate America: Pay Your Fair Share

April 18, 2017

Of course, few, if any, corporations actually pay taxes at that rate. Earlier this spring, a study by the Institute on Taxation and Economic Policy (ITEP) showed that, between 2008 and 2015, Fortune 500 corporations paid an effective federal tax rate of 21.2% on average. Many pay far less, and some pay nothing at all. […]

Mother Jones: Thanks to Trump, These Taxpayers May Avoid the IRS

April 18, 2017

There is a widely held misconception that undocumented immigrants do not pay taxes. However, according to the Institute on Taxation and Economic Policy, a Washington, D.C. think tank, roughly half of undocumented immigrants pay taxes using the IRS’ Individual Taxpayer Identification Numbers (ITIN) program. The program is intended for nonimmigrant visa holders, contract workers, investors, and students. But many […]

news release  

Resources for Tax Day 2017

April 13, 2017 • By ITEP Staff

Resources for Tax Day 2017

Federal and state taxes are a contentious point of policy debate all year round but are especially salient in the minds of most Americans as Tax Day approaches. This year, people across the country will take to the streets in cities across the nation to demand President Donald Trump release his tax returns. This isn’t […]

The Fiscal Times: Tax-Free Shopping on Amazon Is Over

April 11, 2017

As recently as 2011, Amazon was collecting sales tax in just five states, home to 11 percent of the country’s population, according to Carl Davis of the Institute on Taxation and Economic Policy. But a few years ago, as Amazon began to pursue a strategy of expanding its network of distribution and data centers to improve its […]

Charleston Gazette-Mail: Cutting WV Income Tax Likely to Backfire

April 11, 2017

There are nine states with no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, New Hampshire and Tennessee. Only Texas has seen job growth — as a result of being the center of the oil industry. The others have not; job growth has trailed population growth in the other eight. This is based […]

Atlanta Journal Constitution: Is a flat tax right for Georgia?

April 11, 2017

That’s the problem Tharpe has with studies like the Wallethub.com survey. That 50-state look at state taxes found Georgia has a tax burden of 8.2 percent of individual personal income. The Washington, DC,-based financial services website ranked Georgia slightly better than Arizona and just behind Washington state. When I tweeted out those findings, Tharpe was quick to […]

Connecticut Post: These two big Connecticut companies avoided taxes for years

April 11, 2017

The Institute on Taxation and Economic Policy in Washington, D.C. analyzed 258 profitable Fortune 500 companies and found that 100 of them paid no taxes at least one year between 2008 and 2015.   Eighteen of these corporations, including General Electric and Priceline, paid zero total income tax over the eight-year period, the study showed. […]

The Minneapolis Start-Trubine: The Tax Fairness Gap is gone

April 11, 2017

But if states can compete on tax fairness, Minnesota is positioned to do well. The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor. It praised Minnesota not only for raising its […]

Chicago Tribune: Family finances: How a border tax would affect you

April 11, 2017

But economists at the Institute on Taxation and Economic Policy, a nonpartisan research group, say the adjustment overall could take years, and in the meantime, at least some portion of the tax would be passed on to consumers. Read more

Minnesota Post: Health of Twin Cities lakes at risk from salt

April 11, 2017

The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor.” Read more

Boston Globe: Some See Risks Rising for Undocumented Who Pay Their Taxes

April 2, 2017

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 state and local taxes per year, according to a March report by the nonprofit Institute on Taxation & Economic Policy in Washington, D.C. In Massachusetts […]

New Analysis Compares Tax Rates Paid by Companies Lobbying for/against Border Adjustment Tax

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 lobbying against the tax. The Border Adjustment Tax or BAT is being proposed as part of a broader GOP plan to overhaul the corporate tax […]

The San Diego Union Tribune: Sempra has paid no corporate taxes in recent years … and it’s all legal

March 31, 2017

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 but actually received $34 million back in federal taxes, equating to an effective tax rate of minus 0.5 percent. “Sempra looks to me like a […]

Christian Science Monitor: After years of fighting states, Amazon makes sales tax standard

March 31, 2017

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 for rational sales tax policy,” Carl Davis, research director at the Institute on Taxation and Economic Policy, wrote on March 21. Read more

Philadelphia Inquirer: BAT Bad News for Pennsylvania

March 31, 2017

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 recent interview, Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy said, “The question is whether that would just mean a […]

Bloomberg BNA: States May Eye Health Care Flop as Harbinger on Tax Reform

March 31, 2017

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 positive, Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said at the Tax Foundation event. “It’ll be a good thing […]