Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

Idaho Statesman: Tax breaks to lure business do little to spur Idaho’s growth

April 17, 2014

(Original Post) BY PETER R. CRABB Professor of finance and economics at Northwest Nazarene University in Nampa April 16, 2014 Earlier this month, Idaho Gov. Butch Otter signed a new state law that will refund up to 30 percent of state corporate income taxes, payroll taxes and sales taxes for any business that creates 50 […]

Associated Press: Missouri lawmakers pass tax cut; veto possible

April 17, 2014

(Original Post) Thursday, April 17, 2014 By DAVID A. LIEB ~ The Associated Press JEFFERSON CITY, Mo. — Setting up a likely veto showdown, the Republican-led Missouri Legislature gave final approval Wednesday to an income-tax cut for millions of individuals and thousands of business owners that Democratic Gov. Jay Nixon warned could imperil funding for […]

Media Post: Interpublic Group Paid No Income Tax For Five Years

April 17, 2014

(Original Post) Well here’s an interesting tidbit. Fast Company has published a report from Citizens for Tax Justice and the Institute on Taxation and Economic Policy which took a look at Fortune 500 companies and whether or not they paid federal corporate tax in the last five years. Of the 500, 111 paid no taxes […]

Immigration Impact: Undocumented Immigrants Contribute Billions in Taxes

April 16, 2014

(Original Post) Written by Amy Grenier Death and taxes, according to Benjamin Franklin, are the only things in life that are certain. And despite the prevailing myth perpetrated by nativist groups, there are plenty of undocumented immigrants facing the certainty of taxes on April 15. They pay billions in state and local taxes every year […]

The Transylvania Times: No True Tax Reform

April 16, 2014

(Original Post) Within the past few days, thousands of North Carolinians have been scurrying to complete and file their state and federal income tax returns. As always, there is a call for a simpler and more equitable tax code. As usual, very little is done to make taxes simpler or achieve a more equitable system. […]

The Seattle Times: Under the microscope – Metro’s big transit vote

April 16, 2014

In the April 22 mail ballot, King County voters are being asked to increase their sales taxes and their car tabs to fund Metro Transit and fix roads. As the campaign enters its last week, here’s an assessment of some arguments being made on both sides. By Mike Lindblom Seattle Times transportation reporter While most […]

AM New York: Tax day – NY-based corporates that pay the least taxes

April 16, 2014

(Original Post) By AMNY.COM April 15, 2014 Paying taxes can be a painful experience. But that pain is not necessarily felt by some corporations that pay little to no taxes due to loopholes (and plenty of high-price consulting help). In fact, 26 Fortune 500 corporations reported negative taxes due to rebates. The nonprofits Citizens for […]

Fast Company: The Long, Sad List Of Successful Corporations That Somehow Don’t Pay Any Taxes

April 16, 2014

(Original Post) You might want to turn yourself into a corporation after reading this new report that looks at the surprising number of companies that pay no taxes at all. Tax day came and went this week, resulting in a collective moan about writing a check to Uncle Sam. Want to minimize your tax burden […]

Tax Facts That Matter – 2014 Edition Read the Full Report

The tax cuts in Kansas disproportionately affect our poorest residents. While the wealthiest Kansans take home enough money to purchase more than 14,000 loaves of bread, low-income families OWE more taxes, which means 125 fewer loaves of bread for them. Read the Full Report

On Tax Day, we all spend some extra time thinking about how much we pay in taxes. Even more so for low- and middle-income families, who contribute a larger share of their income than high income people do. The difference is significant – Montana low-income families pay 6.4% of their income in taxes, compared to […]

With the deadline for filing state and federal tax returns upon us, the Pennsylvania Budget and Policy Center has put together the following resources to help you understand what your tax dollars support and why it is so important that we close corporate tax loopholes at the state and federal level. Read the Full Report

It’s tax day — the annual event when procrastinators, or those who just like to live on the edge, rush to get their tax returns filed before the midnight deadline. If your return is safely filed, or if you just want another excuse to procrastinate, here are 5 things in 5 charts that everyone should […]

As New York struggles with tough budget decisions about essential public services, profitable Fortunate 500 companies like Corning, MasterCard, Lowes and Consolidated Edison are paying 2% or less in state income taxes for 2012 thanks to copious loopholes, lavish giveaways and crafty accounting. The recently passed state budget did nothing to close these loopholes and […]

When adding up the effect of all state and local taxes, Illinois asks middle- and low-income households to pay a percentage of their income that is two to three times higher than the highest-income households pay. It doesn’t have to be this way. We can all pay our fair share to make sure Illinois has […]

Rhode Island is among 25 states and the District of Columbia that offer a state EITC, but unlike most states, the credit is only partially refundable. Just over 83,000 Rhode Island taxpayers claimed the state’s EITC in Tax Year 2012 . The average credit was $119. Of those taxpayers receiving a credit, 73,119 received a […]

Oregon Center for Public Policy: Tax Facts That Matter

April 14, 2014 • By ITEP Staff

Tax Facts That Matter: 2014 Edition Full Report

Changes are coming to who pays taxes in North Carolina, and the news is not good for middle- and low-income taxpayers. This tax season marks the final year taxpayers will file their income taxes under the state’s old tax code and by next year it will be apparent to many taxpayers that the tax plan […]

Chicago Now: Pope Francis and a moral argument for immigration reform

April 14, 2014

(Original Post) By Teresa Puente, Sunday at 8:38 pm President Obama has failed to persuade the Republican controlled U.S. House of Representatives to pass immigration reform, but if anybody can make a moral argument it is Pope Francis. These two men who broke barriers, the first Latin American pope and the first African- American president, […]

The Courier-Journal: Pass tax reform for 21st century Kentucky

April 11, 2014

(Original post) Col Owens, April 11, 2014 The General Assembly has just passed another inadequate state budget. And once again, it has failed to give Kentucky a tax system that will allow it to compete in the 21st century economy. As a legal aid attorney and education advocate for 35 years, I’ve long witnessed firsthand […]

The Chicago Tribune: Four reasons why Mayor Emmanuel shouldn’t reject a city tax

April 11, 2014

(Original post) By Eric Zorn, April 11, 2014 I reject … the idea of a city income tax. I think that’s not the right way to go… Chicago Mayor Rahm Emanuel, responding Wednesday to questions about how the city will shore up its sagging pension funds I reject the idea, too, just as I reject […]

Springfield News-Sun: Benefits of tax proposal plan debated

April 11, 2014

Information from the Institute on Taxation and Economic policy showed the top 1 percent of Ohio taxpayers would receive about $2,847 in tax cuts, but Schiller said residents making between $34,000 and $54,000 a year would only see a tax break of about $13.

A new CBP report — released in advance of Tax Day — examines state and local taxes in California and shows that low-income households are currently contributing a disproportionate share of their incomes. Read the Full Report

When House Budget Committee Chairman Paul Ryan (R-WI) introduced his latest budget resolution, it predictably included harsh cuts to the vital programs for poor and middle-class Americans that are at the core of the progressive agenda. But the House Republican budget is not just contrary to progressive values; it is also the wrong approach for […]

Life of the Law Podcast: Episode 31 – People and Their Taxes

April 9, 2014

(Original Post) Written by Alisa Roth & LOTL Staff on Tuesday, April 8th, 2014 Clara Orozco got her first job, waiting tables, three days after she arrived in New York from Mexico. Since then, she’s worked as a cashier at McDonald’s, painted nails, and cleaned houses. And every year, whether she’s been paid by cash […]