The report looks at how well states distribute taxes based on family incomes. In most states lower-income families pay a higher percentage of their income in state and local taxes than those at the top. That’s the definition of a regressive tax system. Vermont’s is one of the least regressive in the country.
ITEP Work in Action
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
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ITEP Work in Action November 29, 2018 Public Assets Institute: A Fairer Tax System Would Help Working Families
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ITEP Work in Action October 18, 2018 Rutland Herald: In All Fairness
Anti-tax advocates across the country and in Vermont continue to push for policies that reduce tax rates for the wealthy and businesses, the report finds. However, a movement is growing in opposition to this agenda, as the public realizes that tax cuts for the wealthy and corporations mean less money to fund the things that benefit everyone: schools, parks and public spaces, infrastructure, public safety and other basic services.
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ITEP Work in Action October 17, 2018 Public Assets Institute: New report: Vermont’s Tax System Is Among the Least Regressive
Tax systems generally favor the wealthy, but Vermont’s system is skewed less than most other states when it comes to high-income taxpayers. That was the key finding of a study released today by the Institute on Taxation and Economic Policy (ITEP) and Public Assets Institute.
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ITEP Work in Action April 17, 2017 Public Assets Institute: Meeting Vermonters’ needs in Fiscal 2018 and beyond
Elected leaders acknowledge investments are needed to clean up Lake Champlain, provide families with child care financial assistance, and make higher education more affordable. But progress has been slow in… -
ITEP Work in Action April 21, 2015 Vermont Legislative Joint Fiscal Office: ITEP and Pew Reports on Vermont’s Income Distribution and Tax System
This report is a slide deck that review’s ITEP’s Who Pays report and its findings on the Vermont state tax system. Read the full report here. -
ITEP Work in Action March 24, 2015 Public Assets Institute: Vermont Has the Capacity to Avoid 2016 Budget Cuts
Vermont’s income tax is among the lowest in the country: 2.7 percent of the state’s total personal income. Eliminating tax breaks and lowering income tax rates would balance the fiscal… -
ITEP Work in Action March 16, 2015 Public Assets Institute: How to Close the Budget Gap–Fiscal 2016 and Beyond
“Vermont is one of six states in the country that uses federal taxable income rather than adjusted gross income as the base for the state income tax. Because this base… -
ITEP Work in Action January 21, 2015 Public Assets Institute: Vermont’s Tax System Is Still Unfair
Vermont taxes are higher, as a percentage of income, on the poor and those in the middle than they are on the 1 percent at the top, according to the… -
ITEP Work in Action March 20, 2013 Public Assets Institute: Vermont Has Options to Raise Revenue for Smart Investments
Gov. Peter Shumlin has the right idea when he says we should invest in expanding the availability of child care for working Vermonters. However, it just doesn’t make sense to… -
ITEP Work in Action January 14, 2013 Public Assets Institute: A Balanced Way to Balance the Budget
In the end, the Vermont Legislature found a balanced solution to balancing the state budget for fiscal year 2010, which begins July 1. After a gubernatorial veto—the first budget veto… -
ITEP Work in Action January 14, 2013 Public Assets Institute: Vermonters’ Incomes Outpaced School Taxes (1996-2006)
“Since the passage of Act 60, Vermonters’ incomes have grown at a faster rate than their school taxes. Additionally, the percentage of Vermonters’ incomes that they collectively spend on school… -
ITEP Work in Action January 14, 2013 Public Assets Institute: Federal Tax Cuts Offer New Option
“The analysis of the effects of extending the Bush tax cuts was prepared for Public Assets Institute by the Institute on Taxation and Economic Policy in Washington, D.C. According to…