October 5, 2015
“Some states deserve special mention because of the egregious nature of their disrespect for average taxpayers. Illinois leads the way with by far the highest deficit. Just 10 companies underpaid Illinois $1.4 billion in 2014, more than the entire 2016 Chicago school system deficit. Yet Governor Bruce Rauner recently approved $100 million in new corporate […]
October 5, 2015
“An April 2015 report from the Institute on Taxation and Economic Policy estimates that undocumented aliens in the U.S. paid $11.8 billion in state and local taxes in 2012. Overall, immigrant men are more likely to be employed (86%) than native-born Americans (81%). Immigrants also tend to be more entrepreneurial than native-born Americans. In a […]
October 5, 2015
“The report was released by WalletHub who used results that was a “nationally representative survey” which assessed what Americans thought a “fair” tax system was in the state. The Institute on Taxation and Economic Policy’s data shows that the lowest 20 percent of earners have the highest tax burden at roughly ten percent, while the […]
October 5, 2015
“So what makes a certain tax regime fair or unfair? WalletHub recently surveyed some 1,050 people asking them their perception about tax fairness in their states–how much a given income bracket should pay–and then compared it to data from the Institute on Taxation and Economic Policy, a left-wing think tank in favor of higher taxes […]
October 5, 2015
The survey found that most Americans think “fair” tax systems are designed to impose higher taxes on higher-income households and lower taxes on lower-income households. WalletHub then compared that data directly to state tax burden data from the Institute on Taxation and Economic Policy to determine their master rankings. Read more
October 5, 2015
“A new survey by WalletHub finds that even though Americans – no matter their political orientation – largely support a progressive tax structure where the burden of taxes increases with income. But in reality, it’s the opposite at the state and local levels. The Institute on Taxation and Economic Policy’s data shows that the lowest […]
October 5, 2015
“Data from the Institute on Taxation and Economic Policy also was used to compare different states. The comparison looked at total state and local tax burden of households at seven different points in the income distribution of each of the 50 states. The overall ranking looked at four levels of tax dependency in each state. […]
October 5, 2015
“WalletHub found the opposite trend in the average real state and local tax burden. The numbers, which are estimated by the Institute on Taxation and Economic Policy, show that as income goes up, state and local tax burden goes down.” Read more
October 5, 2015
“However, pointing to a study done by the Institute on Taxation and Economic policy, the report said the actual correlation between household income and tax burden was the opposite of what respondents thought was fair. In reality, the higher the income, the lesser the percent of taxes taken from a household.” Read more
October 5, 2015
“According to a ranking by the nonpartisan Institute on Taxation and Economic Policy, Nebraska has the 28th most unfair tax system in the country. Restoring balance to Nebraska’s tax structure would improve the fairness of the system. That would benefit taxpayers no matter where they live.” Read more
October 5, 2015
“They are also, according to a broad array of economists, a net positive for the economy today, as they have been for decades, contributing to its vibrancy and growth, and to the ability of employers to fill lower-wage jobs that most native-born Americans don’t want. They comprise more than 5 percent of the U.S. workforce […]
October 5, 2015
“The investigation was readied as of late by the Institute on Taxation and Economic Policy, a Washington, D.C., research association. It was asked for by the Oklahoma Policy Institute, a Tulsa-based gathering that backings larger amounts of financing for instruction and other center state administrations.” Read more
October 5, 2015
“A proposed penny sales tax increase would cost medium-income Oklahomans about $262 a year and raise $608 million annually to finance public schools and higher education, a new data analysis shows. The bottom 20 percent of Oklahoman households would chip in $90 a year, and the top 1 percent would pay $1,691, the study says.As […]
October 5, 2015
“A proposed penny sales tax increase would cost medium-income Oklahomans about $262 a year and raise $608 million annually to finance public schools and higher education, a new data analysis shows.The bottom 20 percent of Oklahoman households would chip in $90 a year, the top 1 percent would pay $1,691, the study says. As a […]
October 5, 2015
“As a percentage of income, though, the tax would fall hardest on the poor. That’s because they spend a bigger portion of their income on retail purchases.The analysis was prepared in recent days by the Institute on Taxation and Economic Policy, a Washington, D.C., research organization. It was requested by the Oklahoma Policy Institute, a […]
October 5, 2015
“According to WalletHub’s 2015 Most & Least Fair Tax Systems report, New Mexico has the 12th “least fair” tax system in the U.S. — a conclusion gleaned from both consumer surveys, as well as data from the Institute on Taxation and Economic Policy (ITEP) and the U.S. Census Bureau. Data showed that while New Mexico […]
October 5, 2015
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October 5, 2015
“The Institute on Taxation and Economic Policy has updated its report on State Tax Codes as Poverty Fighting Tools, which examines how refundable Earned Income Tax Credits, property tax breaks, targeted low-income tax credits and child-related tax credits are working in different states. While a number of states such as California, Maine, Massachusetts, New Jersey […]
October 5, 2015
“At this point, you’ve got to wonder why anyone would still harp about cutting taxes in Idaho. For one thing, the state is hardly overtaxed. Whenever the State Tax Commission looks at tax burdens, it finds Idaho’s near the bottom. By one recent measure, the state is ranked 49th out of the 50 states and […]
October 5, 2015
““Middle- and low-income wage earners won’t see a meaningful boost from the tax cuts. But they will feel the bite of an expanded sales tax that applies to the cost of auto and household repairs. And they’ll see a state in decline, its public schools strapped, its public employees stiffed for yet another year and […]
October 5, 2015
“Some states deserve special mention because of the egregious nature of their disrespect for average taxpayers. Illinois leads the way with by far the highest deficit. Just 10 companies underpaid Illinois $1.4 billion in 2014, more than the entire 2016 Chicago school system deficit. Yet Governor Bruce Rauner recently approved $100 million in new corporate […]
October 2, 2015
“Current state and local tax systems are, on average, “extremely unfair,” according to the report. While most Americans of all political persuasions think a progressive tax system is most fair, virtually every state has regressive state and local tax structures. Besides survey data, other sources used to create the rankings were obtained from the […]
October 2, 2015
“Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan group that advocates tax fairness, says North Carolina is virtually alone in the nation in giving away the fruits of recovery. “It’s very counter to what we’ve seen in other states where revenue has come back and states […]
October 2, 2015
“Undocumented Californians pay 3.2 billion dollars in taxes each year, according to the Institute on Taxation and Economic Policy. Nine out of 10 undocumented Californians have jobs and spend most of what they earn back into the economy.” Read more
October 2, 2015
“Matt Gardner, the executive director of the Institute on Taxation and Economic Policy, sees some similarities between Trump’s tax proposals unveiled this week and the tax changes Brownback ushered into law during his first term in office. Gardner scrutinized Trump’s tax plan in a post on the liberal-leaning think tank’s Tax Justice Blog Wednesday, scrutinizing […]
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