Across the U.S., the rich generally pay a lower share of their income in taxes than low earners, according to the Institute on Taxation and Economic Policy (ITEP). A recent analysis by the left-leaning think tank found that the average effective state and local tax rate paid by residents to their home state is 7.2% for the top 1% of earners; for the lowest-earning 20%, that rate tops 11%.
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Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].
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media mention January 29, 2024 CBS News: Vermont Wants to Fix Income Inequality by Raising Taxes on the Rich
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media mention January 29, 2024 CBS News: 14 States are Cutting Individual Income Taxes in 2024. Here are Where Taxpayers are Getting a Break
The reductions represent a continuation of “tax cut fever,” as termed by the left-leaning Institute on Taxation and Economic Policy (ITEP). The drive to cut state taxes began during the pandemic when many states found themselves flush with tax revenue. With coffers fat, lawmakers sought to provide some relief to their constituents, typically through tax rebates or rate reductions.
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media mention January 23, 2024 New York Times: Vermont Becomes Latest State to Propose Wealth Taxes
Lawmakers in Vermont are introducing legislation this week that would impose new taxes on the state’s wealthiest residents, joining a growing national campaign being pushed by Democrats who believe that the measures will gain traction as states reckon with post-pandemic budget squeezes
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media mention January 23, 2024 Editorial: Florida Shines at Favoring the Rich, Punishing the Poor
But there’s one category in which Florida is unarguably first — first of the worst. The state has the nation’s most regressive state and local tax structure. That’s the judgment of ITEP, the progressive Institute on Taxation and Economic Policy, which ranks states every five years
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media mention January 23, 2024 Audio: ITEP’s Carl Davis Discusses North Carolina’s Upside-Down Tax Code
Ever since Republicans took control of the North Carolina legislature in 2011, they’ve passed income tax cut after income tax cut and bragged repeatedly of the supposed enormous benefits this has afforded to average North Carolinians
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media mention January 20, 2024 The Hill: House Panel Advances Tax Deal with Resounding Bipartisan Vote
A deal to reduce taxes for businesses and increase the child tax credit (CTC) made it out of the House Ways and Means Committee with broad bipartisan support Friday. Read… -
media mention January 19, 2024 New York Times: What’s in the New Tax Deal?
Lawmakers on the House Ways and Means Committee will attempt a rare feat on Friday when they begin debate on something that rarely comes together in an election year: bipartisan… -
media mention January 18, 2024 Associated Press: GOP Lawmakers, Democratic Governor in Kansas Fighting Again Over Income Tax Cuts
Top Republican legislators in Kansas have renewed a fight with the Democratic governor over income tax cuts that have drawn bipartisan criticism as favoring the wealthy, with no sign of… -
media mention January 17, 2024 Yahoo Finance: Lawmakers Ink a Bipartisan Tax Deal to Expand the Child Tax Credit
A powerful bipartisan duo announced a significant tax deal Tuesday that would combine a temporary expansion of the child tax credit with long-sought provisions for the business world. Read more. -
media mention January 17, 2024 Ring of Fire: You’ll Be Sick When You Find Out How Little The Top 1% Are Paying In Taxes
In 41 states across the country – and yes, that includes plenty of Democrat-controlled states – the tax rates for the top 1% of income earners and corporations are actually… -
media mention January 17, 2024 Axios: Bipartisan Deal Would Expand Child Tax Credit, Lift Half-Million Children Out of Poverty
Congressional committee chairs reached a deal Tuesday that would expand the federal child tax credit, after three years of pushing by Democrats and progressives. Read more. -
media mention January 16, 2024 Video: The Young Turks Explains Upside-Down State Tax Codes
An analysis by the Institute on Taxation and Economic Policy (ITEP) show that lower and middle class citizens are paying way a higher tax rate their rich counterparts. Rayyvana, David… -
media mention January 12, 2024 The Guardian: US Corporations Push to Roll Back Trump-Era Tax Policies They Once Endorsed
An agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families. Read more. -
media mention January 12, 2024 MarketWatch: Moving to Florida Might Not Be the Tax Play It’s Cracked Up to Be — Unless You’re Loaded
Florida, Texas and Tennessee have become hot real-estate markets in recent years, in part because they offer the allure of low taxes and cheap living costs. But a new analysis of how… -
media mention January 12, 2024 Washington Post: Behind Closed Doors, Trump Eyes Second Round of Corporate tax Cuts
Donald Trump’s campaign team says the former president would prioritize cutting taxes for working-class families and small businesses if he returns to the White House. But privately, Trump has told… -
media mention January 11, 2024 Bloomberg: As ‘Mansion Taxes’ Catch On in US Cities, Los Angeles Offers Lessons
Amid backlash and a tough housing market, a new tax intended to fund affordable housing is bringing in far less money than projected. Read more. -
media mention January 11, 2024 Video: ITEP’s Carl Davis Discusses Arkansas’ Upside-Down Tax Code
The “Who Pays?” report, a nationwide report that highlights the tax systems of each of the 50 states, shows Arkansas is one of the many states that “exacerbate inequality” for… -
media mention January 11, 2024 Washington Post: Congress Nears Deal to Partially Restore Biden’s Expanded Child Tax Credit
Congressional lawmakers are closing in on a deal that would partially revive President Biden’s expanded tax credit for lower-income families in exchange for extending tax incentives favored by business interests,… -
media mention January 10, 2024 Newsweek: Florida’s Tax System Most Unfair on Poor in US, Study Shows
The Florida tax system is the most unfair on the poor in the entire country, according to a new study, with the lowest-income 20 percent in the state paying much more… -
media mention January 10, 2024 The Guardian: Forty-Four of 50 US States Worsen Inequality with ‘Upside-Down’ Taxes
A total of 44 of the 50 US states worsen inequality by making the wealthy pay a lesser share of their income in taxes than lower income people, a new… -
media mention January 10, 2024 The Hill: Top 1 Percent Paying Lower Tax Rates Than Other Residents in Most States: Study
The wealthiest families in most states are paying lower tax rates than everyone else, a new analysis found. Read more. -
media mention January 10, 2024 Fast Company: Florida Can’t Get Enough of Tax Holidays. But They’re Not the Magic Bullet Ron DeSantis Claims
Floridians saved more than $475 million on tax-free holidays—but it comes at the expense of the state’s schools and infrastructure. Read more. -
media mention January 9, 2024 HuffPost: Most States Have Tax Codes That Are Rigged To Benefit The Wealthy: Report
A sweeping new analysis of taxes across the country reveals that in four out of every five states, the top 1% are paying a lower tax rate than their middle-class and… -
media mention January 8, 2024 Yahoo Finance: The Tax Credit That Could Do More for American Pocketbooks Than Any New Year’s Resolution
Many Americans are making promises to do better in 2024 with New Year’s resolutions to save money and spend it wisely. Read more. -
media mention January 7, 2024 Washington Post: Va. General Assembly Girds for Fights Over Arena, Taxes, Schools and More
Democratic lawmakers have the majorities. Republican Gov. Glenn Youngkin has the veto. That’s the crux as a new-look Virginia General Assembly rolls into town Wednesday, opening a 60-day legislative session in…