Institute on Taxation and Economic Policy

Washington Post: Giving up its U.S. citizenship could help this company avoid a $260 million tax bill

March 25, 2016

“IHS is just the latest U.S. firm to be involved in a so-called inversion, in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens. IHS is merging with London-based Markit and has said the tax rate of the new combined company, IHS Markit, will be in the […]

American Press: Where did Louisiana go wrong?

March 18, 2016

“Semuels talked with Carl Davis, the research director of the Institute on Taxation and Economic Policy. She said Davis told her state legislatures are making decisions about taxation that “don’t jive with the 21st-century economy.” Illinois is one of eight states with a flat income-tax rate. It was 5 percent, but was lowered to 3.75 […]

High Plains Public Radio: The National Economy is Strong. So Why Are Some States Languishing?

March 18, 2016

“Carl Davis, the research director of the Institute on Taxation and Economic Policy, says these states are pushing Reagan-era supply-side economics. They slash taxes in hopes of spurring growth. Oklahoma, for example, has given up on $1 billion dollars from wealthy taxpayers.” Read more

City Lab: Jose Antonio Vargas on How America Talks About Immigration

March 16, 2016

“The fact about Social Security is very important. I’m one of the people who’ve contributed a lot of money to Social Security and I don’t have any access to it. None of us [undocumented immigrants] have any access to it. The Institute of Taxation Economic Policy … released an update saying that undocumented immigrants collectively […]

Providence Journal: Rodrigo Pimentel: Help thousands who live in fear

March 16, 2016

Despite enormous hurdles, undocumented immigrants continue to contribute to their communities. They have paid approximately $33.4 million in yearly tax contributions in Rhode Island, including income taxes, as reported by the Institute for Taxation and Economic Policy. With an Individual Taxpayer Identification Number provided by the Internal Revenue Service, millions of undocumented immigrants throughout the […]

NewsNet5: PolitiFact: Was Kasich’s tax cut the largest in the nation?

March 16, 2016

“Ohio is among the states that come up in discussions about big tax cuts. But was Kasich’s truly the largest in the nation? “There are at least half a dozen reasons why there has to be an asterisk after that sentence,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, a […]

Sun Herald: Reeves, senators renew push for $575 million in tax cuts

March 15, 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 for last year’s proposal showed the lowest-earning 20 percent of taxpayers, making $16,000 or less, would save an average of $13 a year. Those earning in the top 95 percent to […]

The Atlantic: The Folly of State-Level Tax Cuts

March 15, 2016

““Energy prices are not the only factor that put these state budgets into disarray,” Carl Davis, the research director of the Institute on Taxation and Economic Policy (ITEP), told me. “There are conscious policy decisions being made here as well.”  What’s happening across the country is that state legislatures have made decisions about taxation that […]

The Enquirer: Hundreds march to protect immigrants

March 15, 2016

“Illegal immigration is a major issue in the 2016 presidential race. Trump has called Mexicans, especially, rapists and drug dealers. A report released Feb. 24 by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization, calculated that the 11 million unauthorized immigrants in the United States pay $11.64 billion a year in […]

West Hawaii Today: Addressing inequality in Hawaii’s tax system

March 15, 2016

“In the course of our legislative session, our tax system has been roundly criticized for being unfair to those on the lower end of the income spectrum. In particular, a 2015 study from the Institute on Taxation and Economic Policy (ITEP) asserts that the lowest 20 percent of our population pays 13.4 percent of its […]

The Nation: Undocumented Immigrants Contribute Over $11 Billion to Our Economy Each Year

March 15, 2016

“Altogether, according to the state and local tax data analysis—published by the Institute on Taxation and Economic Policy (ITEP)—undocumented immigrants contribute about $11.6 billion to the economy annually, including nearly $7 billion in sales and excise taxes and $3.6 billion in property taxes. They are, in economic terms, productive citizens, and pay a higher effective […]

The Advocate: Legislature ‘running out of time’ to prevent devastating budget cuts; sales tax key issue

March 15, 2016

“The House killed a proposal to eliminate 50 percent of the deduction that individual taxpayers get when they itemize deductions on their federal tax returns. The vote on House Bill 33 by Leger was 44-58. The top 15 percent of taxpayers would have paid 76 percent of the higher taxes, according to an analysis by […]

WBGO: Study: Undocumented Immigrants In NJ Pay Millions In Taxes

March 7, 2016

“A new study finds that undocumented immigrants are contributing more than half a billion dollars to New Jersey’s economy. Erika Nava is an analyst for New Jersey Policy Perspective. She says undocumented immigrants in the Garden State pay $590 million in state and local taxes each year.”

La Prensa: Undocumented immigrants pay $11.6 bn in U.S. taxes

March 7, 2016

“The report by the Institute on Taxation and Economic Policy says that undocumented immigrants currently pay 8 percent of their earnings as taxes into local and state public coffers. “Regardless of the politically contentious nature of immigration reform, the data show undocumented immigrants greatly contribute to our nation’s economy, not just in labor but also […]

BCTV: Study: Immigration Actions Would Net Tax Revenue for PA

March 7, 2016

“A new 50 state analysis by the Institute on Taxation and Economic Policy and the Fiscal Policy Institute says full implementation of the actions would contribute $800 million to state and local treasuries nationally.” Read more

The Advocate: Local governments, businesses say consumers sour when sale taxes hit ‘double-digit ceiling’

March 7, 2016

“For a worker who earns between $19,000 and $37,000 a year, he or she will pay an average of $210 more dollars in sales tax dollars for a 1 percent sales tax increase, according to the Institute on Taxation and Economic Policy. For someone who earns between $103,000 and $209,000 a year, the average tax […]

Asian Journal: Study: Undocumented Californians paid $3.2B in state and local taxes

March 4, 2016

“An updated study by the Institute on Taxation and Economic Policy (ITEP) found that undocumented immigrants who reside in California collectively paid almost $3.2 billion in state and local taxes in 2013. The nationwide analysis released on Wednesday, Feb. 24, entitled Undocumented Immigrants’ State and Local Tax Contributions, concluded that the Obama administration’s executive actions […]

Hartford Courant: Letters CT Income Tax Already Progressive And Fair

March 4, 2016

“The letter “Fairer Taxes Needed” [Feb. 22] relies on the Institute on Taxation and Economic Policy to assert that Connecticut state taxes are decidedly unfair. So why not raise taxes on the wealthy even higher?  But that’s not what the institute’s “Who Pays?” report shows. Even counting local property taxes, the report ranks Connecticut right […]

Lawndale News: The Undocumented Pay Their Taxes Also

March 4, 2016

“According to research done by the Institute on Taxation and Economic Policy , the undocumented contribute a significant amount of money in local and state taxes. It is estimated that the undocumented contribute as much as eight percent in taxes into the local and state economies. This is true in regards to California, which has […]

Politifact: Has Arizona’s economy improved because of its immigration laws?

March 4, 2016

“A February 2016 report from the left-leaning Institute on Taxation and Economic Policy estimates that Arizona’s undocumented immigrants pay more than $231 million a year in state and local taxes.” Read more

Atlanta Journal Constitution: Immigrants without legal status pay $358.7 million in taxes in Georgia

February 29, 2016

“The 11 million immigrants living without legal status in the U.S. pay $11.6 billion in state and local taxes each year, including $358.7 million in Georgia, a new report shows. Those numbers would go up by $800 million and $42.1 million respectively each year, if the U.S. Supreme Court were to uphold President Barack Obama’s […]

Al Dia News: The most ridiculous thing Trump has proposed

February 29, 2016

“The ITEP study, that covers the 50 states and the District of Columbia, also points out that if President Obama’s executive actions on immigration –the ones Trump has vowed to rescind — were implemented, the combined nationwide state and local tax contributions by the undocumented would increase by $805 million. Comprehensive immigration reform would add […]

Politico: New Jersey Playbook

February 29, 2016

“IMMIGRATION — “N.J. undocumented immigrants pay $590M in taxes, report finds,” by POLITICO’s Katherine Landergan: “Undocumented immigrants contribute more than $590 million in state and local taxes in New Jersey, according to a study released Wednesday by the Institute on Taxation and Economic Policy. The report, which was also released by the think-tank New Jersey […]

Forbes: Tax Foundation Model Favoring Cruz Doubted By Many Economists

February 29, 2016

“Carl Davis of the Institute on Taxation and Economic Policy wrote me that the Tax Foundation’s assumption that capital is extremely sensitive to taxes is supported by some economists but not others making me sympathetic with Harry Truman’s famous desire for a “one handed economist”.  He gave me several links, but the one I found […]

CBS Moneywatch: Undocumented own U.S. homes, pay billions in taxes

February 29, 2016

“A substantial percentage of undocumented immigrants in the U.S. pay billions in taxes annually and own their own homes, according to a 50 state report from the Institute on Taxation and Economic Policy. “Contrary to a lot of myths out there, this study shows that the undocumented pay a very significant share of their income […]