Institute on Taxation and Economic Policy

Politico: Wyden takes aim

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 […]

West Hartford News: Another View: Malloy’s new economic reality

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 […]

Sun Herald: States weigh costs, benefits of undocumented immigrant parents

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

Hawaii Tribune Herald: Your Views for April 23

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 […]

Townhall: Voters Have More Confidence in Sanders and Kasich to Handle The Economy Than Trump or Cruz, National Gallup Poll Finds

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

Washington Post: How tax falsehoods flourish

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

The Guardian: Trump and Clinton share Delaware tax ‘loophole’ address with 285,000 firms

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

Times Free Press: Chattanooga to lose roughly $5 million annually after state lawmakers repeal Hall Income Tax

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

Record Searchlight: States weigh costs, benefits of undocumented immigrant parents

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

Knoxville News Sentinel: Looking back at 2016’s busy legislative session in Tenn.

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

Brentwood Home Page: Brentwood decreasing dependence on Hall Tax revenue as legislators debate elimination

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, […]

Governing: States Weigh Costs, Benefits of Undocumented Immigrant Parents

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

The Tennessean: Senate approves bill reducing Hall tax to 5 percent

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 […]

WORT-FM : State And Local Taxes: Fair Tax Systems That Fund Our Communities

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 […]

Equal Times: The Panama Papers’ impact in the United States: The calm before the storm?

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. […]

Bloomberg BNA: Reaching for Revenue Offshore, States Push Tax Haven Laws

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 […]

KPBS: Report: California Received $3.2 Billion In Taxes From Those In The Country Illegally

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 […]

ValueWalk: On Tax Day, Remember the Contributions of Unauthorized Immigrants

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

KTOO Public Media: Report: Walker’s budget proposals hit poorest Alaskans hardest

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 […]

Tallahassee Democrat: I am undocumented and I pay my taxes

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 […]

The Courier-Journal: Undocumented immigrants turn hopes to court

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 […]

Media Matters: A Guide To The Myths & Facts On Obama’s Executive Actions On Immigration

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 […]

YubaNet: U.S. Supreme Court Hears Arguments on Immigration Executive Action, Has Opportunity to Affirm America’s Immigrant Identity

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 […]

The Commercial Appeal: Mississippi tax cut deal: $415 million in cuts over 12 years

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, […]

Inside Sources: On Tax Day, Remember the Contributions of Unauthorized Immigrants

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