
January 12, 2016
“Nunez pointed out that a recent study done by the Institute on Taxation and Economic Policy (ITEP) undocumented Californians contribute around $3.2-billion in local and state taxes.“They are not taking anything from anyone,” she said. “All we are asking is that what they contribute, they receive. We should continue the fight to expand MediCal for […]
January 12, 2016
“In the public debates over federal immigration reform, sufficient and accurate information about the tax contributions of undocumented immigrants is often lacking, said an April 2 report from the Institute on Taxation and Economic Policy in Washington, D.C. “The reality is the 11.4million undocumented immigrants living in the United States pay billions of dollars in […]
January 12, 2016
“Relying on a report by the Institute on Taxation and Economic Policy, a nonpartisan research organization that works on tax policy issues, the website WalletHub shows the effective state and local tax rates in each state, based on three income levels. Those income levels are low ($25,000), middle ($50,000) and high ($150,000). According to that […]
January 12, 2016
“Four states increased gasoline taxes at the start of 2016, while five actually lowered them. That’s according to an analysis by The Institute on Taxation & Economic Policy (ITEP), a nonpartisan, Washington-based research organization that focuses on local tax-policy issues. The four states that increased their gasoline tax on Jan. 1 are Florida, Maryland, Nebraska […]
January 12, 2016
“How about we make a deal? Wouldn’t it be nice if Apple paid the typical corporate tax? The statutory tax rate for corporations in the US is 35%, but the average effective rate paid by corporations after deductions and credits is 27.1%, according to Americans for Tax Fairness. Further, a February 2014 report from Citizens […]
January 12, 2016
“Taking into account sales, excise, property and income taxes, the top 1 percent — followed by the top 4 percent — paid the smallest share of their incomes in taxes in 2015. Households taking in between $38,000 and $58,000 payed the greatest share.”
January 12, 2016
“Opposition to allowing DACA students in-state tuition tends to come in the form of a few arguments: doing so is a burden on taxpayers, illegal and the undocumented will have problems finding jobs if their status hasn’t changed by graduation are a few. However, according to the Institute on Taxation & Economic Policy (ITEP), Georgia’s […]
January 12, 2016
“Income tax cuts approved by governors and legislators of both parties over the past decade reduced this year’s state revenue collections by more than $1 billion, according to an independent data analysis. The calculation by the Institute on Taxation and Economic Policy in Washington suggests that past income tax cuts contributed significantly to the state’s […]
January 12, 2016 • By ITEP Staff
“Due to these cuts, Oklahoma’s top income tax rate has been slashed by almost a fourth, from 6.65 percent before 2004 to 5 percent beginning in 2016. The annual revenue loss from these cuts has now reached $1.022 billion, according to an analysis prepared for OK Policy by the Institute on Taxation and Economic Policy. […]
December 23, 2015 • By ITEP Staff
Our economic growth is not translating into significant economic progress for most of our people and this directly harms working families. The lack of more broadly shared economic progress also has harmed our state’s ability to make important investments that can make life better for working people.
December 22, 2015
“Income tax reductions also fall unevenly, because many low-income households pay little or no income taxes. A plan to phase out income taxes on incomes under $18,300 proposed last year would have been more beneficial to the highest earning households. The lowest-earning 20 percent of taxpayers, making $16,000 or less, would have saved an average […]
December 22, 2015
“Data from The Institute on Taxation and Economic Policy , or ITEP, highlights that undocumented workers contributed $10.6 billion in state and local taxes in 2010, but this money could slowly be leaving some states who continue to fight the inclusion of undocumented immigrants.” Read more
December 22, 2015
“The rhetoric from anti-immigrants is that they come here to usurp benefits they do not deserve. The reality is that many of these immigrants – both undocumented and documented – provide more than they actually receive. For example, out of any undocumented immigrant’s pay check there is a tax on social security and Medicaid – […]
December 18, 2015 • By ITEP Staff
“Immigrant taxpayers contribute to Georgia’s bottom line. As immigrants start businesses, buy homes, earn wages and spend disposable income at local businesses, they generate considerable state and local tax revenue regardless of citizenship status. Georgia immigrants as a whole contributed nearly $1.8 billion in state and local taxes in 2012, the most recent year available. […]
December 18, 2015
“The real problem of giving into corporate demands like these is you’re basically inviting other companies to make this same threat,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a Washington think tank.” Read more
December 18, 2015
“More significant still is the added tax revenues that DACA and DAPA would bring. If the executive actions go into effect, states can expect higher levels of tax compliance by immigrants and their employers. And, states can expect that immigrants with work permits and driver’s licenses would earn more and spend more than they do […]
December 18, 2015
“Relying on a report by the Institute on Taxation and Economic Policy, a nonpartisan research organization that works on tax policy issues, WalletHub shows the effective state and local tax rates in each state, based on three income levels: low ($25,000), middle ($50,000) and high ($150,000). According to that report, although Wisconsin’s tax rate ranks […]
December 18, 2015
“Georgia immigrants as a whole contributed nearly $1.8 billion in state and local taxes in 2012, with undocumented immigrants pouring in another $352 million in payroll and health care taxes, according to the GBPI report and the Institute on Taxation and Economic Policy.” Read more
December 18, 2015 • By ITEP Staff
“Finally, the income tax rollback that was thrown in as a sweetener has implications on the budget as well as tax fairness. Under the plan, if General Fund revenues grow by more than the rate of inflation, the rate of the income tax would be reduced. According to the House Fiscal Agency analysis, if these […]
December 18, 2015 • By ITEP Staff
Idaho has a graduated personal income tax, with rates increasing with household income. This has a balancing effect on the sales and property taxes,which generally cost middle and lower-earning households a larger share of their income. When all state and local taxes are combined, Idaho’s tax distribution is relatively even across the income spectrum, […]
December 15, 2015
“In terms of distributing the tax burden equally among rich and poor alike, the Institute on Taxation and Economic Policy ranks Idaho’s balanced system of sales, income and property taxes as fifth best in the country.” Read more
December 15, 2015
“Most of the big tax expenditures have an incredibly corrosive effect on tax fairness and would never pass muster if they were funded as direct-spending programs rather than tax breaks,” said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a Washington-based group that has pushed to end some tax expenditures. “If […]
December 14, 2015
“A third group was rightly concerned that the sales tax places too much of a burden on those with low incomes. According to the Institute on Taxation and Economic Policy, the lowest-income 20 percent of Pennsylvania families pay an average of 5.8 percent of their income in sales tax. The top 20 percent, by contrast, […]
December 14, 2015
“The sweepstakes underscores the leverage corporations have to dictate terms to states and how loudly their complaints can resonate. Cutting some proposed corporate taxes was part of the reason Gov. Dannel P. Malloy called a special session of the General Assembly last week. “The real problem of giving into corporate demands like these is you’re […]
December 7, 2015 • By ITEP Staff
“There is good reason to worry about the sales tax falling heavily on low-income families. According to the Institute on Taxation and Economic Policy, the lowest-income 20% of Pennsylvania families pay an average of 5.8% of their income in sales tax. The top 20%, by contrast, pay less than 2.3% of their income in sales […]