Institute on Taxation and Economic Policy

ITEP Work in Action

One Voice: Eliminating Individual Income Tax is Bad for Mississippi

February 7, 2022

House Bill 531 would eliminate the state individual income tax. Eliminating the income tax is bad for Mississippi, especially the state’s working families, communities of color, and retirees. While some lawmakers are suggesting that Mississippi’s revenue system is sound enough to support this tax cut, due to the current surplus, this couldn’t be further from […]

One Voice: Who Pays, Mississippi? An Overview of State Tax Policy and Racial Equity Impacts

August 17, 2021

Historic and current injustices, both in public policy and in society more broadly, have resulted in vast disparities in income across race and ethnicity in Mississippi. State and local tax codes are not the sole contributors to, nor will they be the sole solution to, racial economic inequities. However, the state’s tax system is playing […]

One Voice Mississippi: Bill Analysis: House Bill 1439: Tax Proposal Moves State Away from a Better, More Equitable Mississippi

March 16, 2021

Mississippi’s House of Representatives recently passed House Bill 1439 (“the Mississippi Tax Freedom Act of 2021”). The House passed the 300-page bill less than 24 hours after they introduced it with little debate and no fiscal note. The plan revives the recurring attempts of some lawmakers to cut state income taxes, but does much more. […]

Hope Policy Institute: Mississippi’s Wealthiest Get the Most Benefit under New Federal Tax Cut Proposal

July 21, 2017

New research from the Institute on Taxation and Economic Policy (ITEP) looks at the potential effects of a tax cut proposal from the Trump Administration on families in the 50 states. The tax cut proposal would reduce the tax rate on corporate income from 35 percent to 15 percent, would repeal the estate tax, replace the current income tax brackets with three brackets at 10 percent, 25 percent, and 35 percent, eliminate most itemized deductions, except charitable giving and home mortgage interest, and create a new tax credit for childcare expenses, among other things.

Hope Policy Institute: Everyone Pays Taxes, Including Undocumented Immigrants

March 21, 2017

According to a new report by the Institute on Taxation and Economic Policy (ITEP), it is estimated that undocumented immigrants in Mississippi pay almost $22,684,000 in state and local taxes. Nationally, undocumented immigrants pay over $11.74 billion in state and local taxes. The report, entitled “Undocumented Immigrants’ State and Local Tax Contributions,” highlights the contributions of undocumented immigrants as taxpayers to state and local governments.

Hope Policy Institute: Who Really Benefits: Why Large Tax Cuts Don’t Benefit Working Families and Communities

May 5, 2016

“Large tax reductions proposed at a time when Mississippi already is cutting important public investments due to a lack of revenue would erode the state’s ability to create jobs and have a competitive economy. Over the past two years major tax cut proposals have been proposed that would cut and flatten the state’s income tax […]

Mississippi Economic Policy Center: All Roads Lead to Nowhere

March 25, 2015

Big tax cuts that largely benefit corporations and wealthy Mississippians are unaffordable and will erode our ability to support schools, universities, roads and bridges and public safety. Big tax cuts will undermine our future by making it harder for the state to invest in the things that make Mississippi’s working families more productive like a […]

Mississippi Economic Policy Center: House and Senate Tax Plans Do Little for Struggling Working Families

March 6, 2015

The personal income tax cuts from both the [state] House and Senate plans benefit wealthier families more than lower and middle-income earners. Further, the high cost of these plans may require raising revenue through increases in the property tax or sales tax, both of which hit lower and middle-income earners hard. This combination would result […]

Mississippi Economic Policy Center: A State Earned Income Tax Credit: A Boost for Mississippi Families

January 29, 2015

Mississippi families are struggling to make ends meet despite working hard and playing by the rules. The federal Earned Income Tax Credit (EITC) gives many of these families the boost they need to be more financially secure. Mississippi can also enact a refundable state EITC to leverage the federal credit’s track record of encouraging work, […]

Mississippi Economic Policy Center: Investing for Growth, Enhancing Our Prospects: Tax Reform in Mississippi

January 15, 2013

In any given year, the state of Mississippi and its residents accomplish a lot. Through the collective investment of our tax dollars, we maintain over 10,000 miles of roads, help educate more than 800,000 children and adults from kindergarten to university and support more than 7,000 law enforcement officers in our local communities. With tax […]

Mississippi Economic Policy Center: Putting the Pieces Together: A Taxpayer’s Guide to the Mississippi Budget

January 14, 2013

Budget decisions directly influence the quality of education that our children receive, the condition of the roads that we travel, the safety of our communities and the level of trust we can place in professionals such as doctors, dentists, pharmacists and nurses. Of course, each of these services – education, roadmaintenance and public safety – […]

Mississippi Economic Policy Center: Thank Taxes- Tax Day 2011

January 14, 2013

Everyone who gets a paycheck pays payroll taxes. Everyone who buys anything at a local store or fills up their car with gas pays taxes. Individuals and businesses alike, benefit from the public structures paid for by taxes. The figure below shows the estimated share of state and local taxes as a percentage of income […]

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