April 28, 2016
“WHERE OREGON AND WASHINGTON (STATE) DIVERGE: The Seattle Times has a nice primer on how differently the states of Portlandia and grunge rely on taxes. Washington, for instance, collects about four out of every five dollars from a sales tax, the fifth highest in the nation. Oregon, on the other hand, gets a higher percentage […]
April 28, 2016
“According to the Institute on Taxation and Economic Policy’s data for 2015, Connecticut residents who earned between $46,000 and $76,000 paid double the tax rate (10.7 percent) than those who earned $1.3 million or more (5.3 percent). It may be a dirty little secret, but it’s nevertheless the reality of our state; rich folks and […]
April 25, 2016
“Overall, unauthorized immigrants already pay $11.6 billion annually in state and local taxes, according to a February study by the Institute on Taxation and Economic Policy, a tax policy think tank in Washington, D.C. That includes $1.5 billion in Texas and $3.2 billion in California, states with the most undocumented immigrants.” Read more
April 25, 2016
“In Hawaii, the top 1 percent pay just 7 percent of their income in taxes, while the middle class (80 percent of our people) pay about 12 percent. The poorest group (the bottom fifth of the population) pay a whooping 13.5 percent of the income in taxes because of the hidden GET (according to the […]
April 25, 2016
“But countless studies, from the IRS to economic think tanks, show that this isn’t true. Wealthier Americans pay the lion’s share of tax revenues. The richest 1 percent, for example, pays nearly 24 percent of the taxes, according to the Institute on Taxation and Economic Policy.” Read more
April 25, 2016
“I’m not the first person to challenge these assertions. Figures from the Institute on Taxation and Economic Policy and economist Peter Fisher, respectively, show the same story as that above in previous years. No-income-tax states do not outperform high-income-tax states, and the ALEC-Laffer rankings have been consistently terrible at predicting state economic performance.” Read more
April 25, 2016
“A report by the Institute on Taxation and Economic Policy, titled Delaware: An Onshore Tax Haven, said the state’s tax code made it “a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes”.” Read more
April 25, 2016
“Carl Davis, senior policy analyst for the Washington, D.C.-based Institute on Taxation and Tax Policy, said in a statement, “The vast majority of Tennessee residents will not receive a tax cut under this bill. This is a tax cut on investment income, which mostly benefits those few families with large amounts of wealth.”” Read more
April 25, 2016
“Overall, unauthorized immigrants already pay $11.6 billion annually in state and local taxes, according to a February study by the Institute on Taxation and Economic Policy, a tax policy think tank in Washington, D.C. That includes $1.5 billion in Texas and $3.2 billion in California, states with the most undocumented immigrants.” Read more
April 25, 2016
“The progressive Institute on Taxation and Economic Policy says the reduction and repeal would make Tennessee’s tax system more regressive, with most Tennesseans getting little or no benefit. Meanwhile, Tennessee remains one of a dozen states still taxing food.” Read more
April 22, 2016
“According to a study by the Institute on Taxation and Economic Policy, the vast majority of Tennesseans would see little to no benefit from a repeal of the Hall Tax between now and 2021. ITEP is a nonprofit, non-partisan research organization that works on federal, state and local tax policy issues. According to their study, […]
April 21, 2016
“Overall, unauthorized immigrants already pay $11.6 billion annually in state and local taxes, according to a February study by the Institute on Taxation and Economic Policy, a tax policy think tank in Washington, D.C. That includes $1.5 billion in Texas and $3.2 billion in California, states with the most undocumented immigrants.” Read more
April 20, 2016
“While several Republicans reveled in the effort to cut the tax, the Institute on Taxation and Economic Policy criticized their efforts, saying the majority of Tennesseans will see no financial benefits. “The Hall Tax plays an important role in offsetting the otherwise regressive impact of Tennessee’s tax system,” Dylan Grundman, a senior analyst at the […]
April 19, 2016
“Let’s talk about taxes. How can we have a fair tax system? How is our current tax system working against this? Today’s guest host Carl Davis, of the Institute on Taxation and Economic Policy, to discuss this and ITEP. Carl Davis is an Analyst at ITEP, and author of Judging Tax Expenditures (2009), The ITEP […]
April 19, 2016
“A very small number of states are notorious for allowing pretty much anybody to start a company in the state without requiring even the most basic information,” says Matthew Gardner, executive director of the Institute on Taxation and Economic Policy with Citizens for Tax Justice, to the New York-based online news publication International Business Times. […]
April 19, 2016
“There is a high degree of uncertainty surrounding these estimates,” said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a research organization affiliated with the Citizens for Tax Justice (CTJ). While there are academic studies offering “reasonable ballpark estimates” for the nationwide amount of revenue lost, “there is real difficulty in […]
April 19, 2016
“A recent report says that in 2012, California received more than $3.2 billion in taxes from people who were in the U.S. illegally. The report comes from the Washington, D.C.-based Institute on Taxation and Economic Policy. “The idea that undocumented individuals are paying nothing into the system at all is ludicrous on its face,” said […]
April 19, 2016
“According to a recent study by the Institute on Taxation and Economic Policy, unauthorized immigrants pay an estimated $11.64 billion in state and local taxes each year, adding significant amounts of money to the coffers of all 50 states and the District of Columbia.” Read more
April 19, 2016
“If every element of Gov. Bill Walker’s fiscal plan is adopted, the 20 percent of Alaskans with the lowest incomes would lose nearly 10 percent of their income. The middle fifth of residents would lose about 4 percent. The top 1 percent of state residents would only see a 1.3 percent pay cut. That’s according […]
April 19, 2016
“The Institute on Taxation and Economic Policy recently estimated that state and local tax revenues would increase by an additional $805 million each year if President Obama’s immigration actions are implemented. The same report found that the 11 million undocumented immigrants who reside in the country contribute $11.64 billion in state and local taxes per […]
April 19, 2016
“Diaz, despite having a college degree from Mexico, cleans homes. Some jobs offer low wages if the employer knows she’s not legally in the U.S., she said. She said she reports all her cash income on her taxes. The Institute on Taxation and Economic Policy estimates that undocumented immigrants in Kentucky pay $37 million a […]
April 19, 2016
“ITEP: Tax Contributions By Undocumented Workers “Would Increase By More Than $800 Million” If Executive Action Is Upheld. A February 2016 analysis by the Institute on Taxation and Economic Policy (ITEP) reported that “undocumented immigrants contribute more than $11.6 billion” at the state and local level, and on average, pay 8 percent of their income […]
April 19, 2016
“The Deferred Action for Parents of Americans (DAPA) program and expansion of the existing Deferred Action for Childhood Arrivals (DACA) program would strengthen our communities by providing temporary relief from fear of deportation for individuals with strong family ties to the United States and, as a result, grow America’s economy by tens of billions of […]
April 19, 2016
“Like most other proposed income tax cuts, benefits would flow most to high-earning households. Projections from the liberal-leaning Institute on Taxation and Economic Policy show the lowest-earning 20 percent of taxpayers, making $16,000 or less, would save an average of $14 a year. Those earning in the top 95 percent to 99 percent of households, […]
April 15, 2016
“According to a recent study by the Institute on Taxation and Economic Policy, unauthorized immigrants pay an estimated $11.64 billion in state and local taxes each year, adding significant amounts of money to the coffers of all 50 states and the District of Columbia.” Read more