April 6, 2016
“Nearly all of those companies were incorporated in Nevada and Wyoming, two states with permissive corporate secrecy laws. “If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places […]
April 5, 2016
The Hartford lawyer said he was unaware of any similar tax program in other states, and Fonfara said the bill wasn’t based on any particular example. Carl Davis, research director for the Institute on Taxation and Economic Policy, a nonpartisan think tank, said he too was unaware of other states using the profit-based assessment […]
April 5, 2016
“Not exactly. Having a child in the U.S. is no protection from deportation for an undocumented immigrant. In 2013, Immigration and Customs Enforcement deported over 72,000 undocumented parents of U.S.-born children. Contrary to what Ms. Trump believes, undocumented immigrants are not eligible for food stamps, “Obamacare,” or other social service programs. Undocumented workers, in fact, […]
April 5, 2016
“Yet it’s the children and the taxpayers of Illinois who bear the burden of reform. Illinois has one of the “Ten Most Regressive State Tax Systems,” according to the Institute on Taxation and Economic Policy. In Chicago, Mayor Emanuel recently announced another $200 million in education cuts and then raised property taxes by a half-billion […]
April 5, 2016
Other states, including Indiana, South Carolina and West Virginia, have considered similar moves. But so far, those measures haven’t gotten very far, according to the Institute on Taxation and Economic Policy, a tax research group. “Legislators in all three states embraced partial solutions or punted entirely, preferring short-term fixes at the expense of other […]
April 4, 2016
“The immigrants without legal permission to stay in the country, which are roughly about 11 million, are significantly helping the U.S. economy. A study by The Institute on Taxation and Economic Policy proves that “undocumented immigrants contribute significantly to state and local taxes, collectively paying an estimated $11.64 billion a year.” With reference to the […]
April 4, 2016
“The statement from Bonds noted that the Institute on Taxation and Economic Policy recently found that the poorest families pay state and local taxes at twice the effective rate of the richest families. It’s time to “stop taxing your period,” she said.” Read more
April 4, 2016
“Although the programs are unavailable right now, people need to start preparing documents and saving money to apply. According to the Institute on Taxation and Economic Policy, 11 million undocumented immigrants living in the United States paid 11.64 billion dollars in state and local taxes. A study found that tax contributions would increase significantly under […]
April 4, 2016
“Twenty-nine states (including the District of Columbia) that have a broad-based income tax exempt all Social Security from tax, according to the Institute on Taxation and Economic Policy (ITEP). Seven states tax some Social Security benefits but provide an exemption that is more generous than what is available at the federal level. Six states tax […]
April 4, 2016
“For a worker who earns between $19,000 and $37,000 a year, he or she will pay an average of $210 more in sales tax dollars for a 1 percent sales tax increase, according to the Institute on Taxation and Economic Policy. For someone who earns between $103,000 and $209,000 a year, the average tax change […]
April 4, 2016
“Twenty-nine states (including the District of Columbia) that have a broad-based income tax exempt all Social Security from tax, according to the Institute on Taxation and Economic Policy (ITEP). Seven states tax some Social Security benefits but provide an exemption that is more generous than what is available at the federal level. Six states tax […]
April 4, 2016
“According to the Institute on Taxation and Economic Policy, a non-partisan research group, about $11.64 billion a year in state and local taxes. Matt Gardner is the executive director of the Institute. He says it is difficult to know the exact costs of illegal immigration. He says many estimates are guesses. But he says he […]
March 30, 2016
“The Institute on Taxation and Economic Policy in Washington, D.C., recently released its 50-state study on undocumented immigrants, which shows the group, estimated at 11 million residing in the states, paid $11.6 billion in state and local taxes. A media representative said its analysis does not include costs associated to the group.” Read more
March 30, 2016
“Meantime, if the Legislature doesn’t find a source for new revenue, voters may get a chance to do so themselves. A measure to increase the state sales tax rate by one penny to better fund education is likely to be on the November ballot. The Institute on Taxation and Economic Policy estimates those making […]
March 28, 2016
The Institute on Taxation and Economic Policy – which bills itself as a non-profit, non-partisan research organization that works on tax policy issues — estimates undocumented immigrants pay about $11.64 billion a year in state and local taxes. However, the truth is that no one knows exactly how much undocumented immigrants cost the nation […]
March 25, 2016
“Those hikes would mean Americans earning about $85,000 a year would wind up paying an additional $3,164 to Uncle Sam, according to estimates from the Institute on Taxation and Economic Policy. Workers would also fork over an additional 0.2% of their compensation in a payroll tax (employers would kick in another 0.2%) to pay for […]
March 25, 2016
“IHS is just the latest U.S. firm to be involved in a so-called inversion, in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens. IHS is merging with London-based Markit and has said the tax rate of the new combined company, IHS Markit, will be in the […]
March 18, 2016
“Semuels talked with Carl Davis, the research director of the Institute on Taxation and Economic Policy. She said Davis told her state legislatures are making decisions about taxation that “don’t jive with the 21st-century economy.” Illinois is one of eight states with a flat income-tax rate. It was 5 percent, but was lowered to 3.75 […]
March 18, 2016
“Carl Davis, the research director of the Institute on Taxation and Economic Policy, says these states are pushing Reagan-era supply-side economics. They slash taxes in hopes of spurring growth. Oklahoma, for example, has given up on $1 billion dollars from wealthy taxpayers.” Read more
March 16, 2016
“The fact about Social Security is very important. I’m one of the people who’ve contributed a lot of money to Social Security and I don’t have any access to it. None of us [undocumented immigrants] have any access to it. The Institute of Taxation Economic Policy … released an update saying that undocumented immigrants collectively […]
March 16, 2016
Despite enormous hurdles, undocumented immigrants continue to contribute to their communities. They have paid approximately $33.4 million in yearly tax contributions in Rhode Island, including income taxes, as reported by the Institute for Taxation and Economic Policy. With an Individual Taxpayer Identification Number provided by the Internal Revenue Service, millions of undocumented immigrants throughout the […]
March 16, 2016
“Ohio is among the states that come up in discussions about big tax cuts. But was Kasich’s truly the largest in the nation? “There are at least half a dozen reasons why there has to be an asterisk after that sentence,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, a […]
March 15, 2016
“Like most other proposed income tax cuts, benefits would flow most to high-earning households. Projections from the liberal-leaning Institute on Taxation and Economic Policy for last year’s proposal showed the lowest-earning 20 percent of taxpayers, making $16,000 or less, would save an average of $13 a year. Those earning in the top 95 percent to […]
March 15, 2016
““Energy prices are not the only factor that put these state budgets into disarray,” Carl Davis, the research director of the Institute on Taxation and Economic Policy (ITEP), told me. “There are conscious policy decisions being made here as well.” What’s happening across the country is that state legislatures have made decisions about taxation that […]
March 15, 2016
“Illegal immigration is a major issue in the 2016 presidential race. Trump has called Mexicans, especially, rapists and drug dealers. A report released Feb. 24 by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization, calculated that the 11 million unauthorized immigrants in the United States pay $11.64 billion a year in […]
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