September 8, 2015
Deindustrialization in Rust Belt economies such as Toledo have driven these changes, yet they’ve been aggravated by state government’s regressive, anti-tax agenda. The top 1 percent of Ohioans bring home more than $850,000 a year. These households will enjoy an average tax cut of $17,600 under Gov. John Kasich’s new tax plan, while the poorest […]
September 8, 2015
“Families today are spending a smaller share of their household budgets on gas taxes than they have in about three decades, and they are receiving a lower-quality transportation network in return,” according to a report from the Institute on Taxation and Economic Policy, a nonpartisan group that studies federal, state and local tax policy. Read […]
September 4, 2015
And just to shoot down one more oft-mentioned canard on this issue: According to a study by the Institute on Taxation and Economic Policy, about 8.1 million undocumented immigrants paid an estimated $11.8 billion in state and local taxes in 2012. Read more
August 28, 2015
The windfall for the wealthy results from cuts in state income taxes, the major tax that is based on the ability to pay, while increases in other taxes such as the sales tax fall more heavily on lower- and middle-income Ohioans. Those are the key findings of an analysis by the Institute on Taxation and […]
August 26, 2015
According to the Institute on Taxation and Economic Policy, “The personal income tax can be – and usually is – the fairest of the main revenue sources relied on by state and local governments. When properly structured, it insures that wealthier taxpayers pay their fair share, provides lower rates on middle-income families, completely exempts the […]
August 25, 2015
Undocumented immigrants paid an estimated $10.6 billion in state and local taxes in 2010, according to the Institute on Taxation and Economic Policy, CNN reported. Those tax contributions will rise significantly if illegal immigrants are allowed to work in the United States legally, said Matthew Gardner, ITEP’s executive director. Read more
August 24, 2015
“Meanwhile, about 1.7 million immigrants are unauthorized, according to the center. The report cites the Institute on Taxation and Economic Policy as saying that in Texas unauthorized immigrants in 2010 paid more than $1.6 billion in state and local taxes. Immigrants as a whole contributed $65 billion in economic output for the state in wages, […]
August 24, 2015
New York’s place on that list is especially salient given its place as the largest of the estimated 200 “sanctuary cities” across the country. The designation reflects a decision by local governments to protect undocumented immigrants from federal law enforcement. This makes it easier to collect taxes — undocumented immigrants paid $11.84 billion in state […]
August 18, 2015
“We had quite a long drought where states weren’t willing to deal with this issue, despite the fact that their infrastructure wasn’t in great shape,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. “We’ve definitely seen a pretty rapid change on this issue — it’s really been pretty much a […]
August 18, 2015
But there’s another side to the equation: taxes. Many undocumented immigrants work off the books and don’t pay taxes on their earnings. But many others do pay taxes. One recent report from the Institute on Taxation and Economic Policy estimated that undocumented workers paid nearly $12 billion in state and local taxes in 2012. They […]
August 17, 2015
For years, Wisconsin has had some of the highest residential property taxes in the country. The result is that across every income bracket, homeowners in Wisconsin pay a higher share of their income to property taxes than those in Minnesota, according to data compiled by the Institute on Taxation & Economic Policy, a nonpartisan think […]
August 17, 2015
“The bottom line is that whatever policy goal you want to achieve through a sales tax holiday, there are probably better ways to achieve those goals”, said Matthew Gardner, executive director at the Institute on Taxation and Economic Policy.”
August 17, 2015
An economic perspective: The Partnership for a New American Economy found that immigrants started 28 percent of new U.S. businesses in 2011, though they account for only 13 percent of the population. Disproportionately more New Mexico business owners (12.6 percent) are immigrants (10 percent of the state’s population). A new study by the Institute on […]
August 14, 2015
If shoppers are simply shifting their spending to save on taxes, that means the states are losing revenue. That’s certainly the position of the Institute on Taxation and Economic Policy, a nonpartisan think tank that estimates the popular break will cost the states offering it $300 million this year. “Revenues lost through sales tax holidays […]
August 13, 2015
“I’m still one who says that we can get rid of the Internal Revenue Service if we would pass the FairTax, which is a tax on consumption rather than a tax on people’s income, and move power back where the founders believed it should have been all along,” said Huckabee. Unfortunately, this is blatantly incorrect […]
August 13, 2015
Colorado has struggled with its TABOR, with declines in the percentage it has spent on education, including secondary and elementary schools, and on higher education. Colorado declined from 35th to 49th in the country in higher education funding as a share of personal income, according to the Institute on Taxation and Economic Policy. Read more […]
August 11, 2015
Bill sponsor Rep. John Patterson Jr., D-Jefferson, thinks passage of the measure would generate activity in retail stores and help create excitement that could rival the post-Thanksgiving Black Friday sales. Matt Gardner, executive director of the Institute on Taxation and Economic Policy, says such thinking is noble but is poor tax policy. “Anything that reduces […]
August 11, 2015
Carl Davis, a senior analyst at the Institute on Taxation and Economic Policy, a nonprofit nonpartisan Washington think tank, said that while tax holidays help retailers, they don’t accomplish much else. “I think the major takeaway with sales tax holidays is they’re high profile and they get a lot of favorable attention for politicians, because […]
August 11, 2015
Ohio’s first sales-tax holiday is in the books, and whether there will be one next year remains a matter of speculation. The Institute on Taxation and Economic Policy conducted a study that found that tax holidays tend to shift shoppers’ spending habits rather than increase overall spending. Read more
August 11, 2015
The U.S. rate of 53 cents a gallon reflects the federal gas tax as well as the average state tax. Adding Carper’s 16 cents wouldn’t budge the U.S. position way back of the pack—nor would doubling the entire 53 cent average. As the numbers stand, lawmakers would have to raise the average gas tax at […]
August 10, 2015
“So states that are not doing sales tax holidays, they’re certainly not missing out”. According to the Institute on Taxation and Economic Policy, sales-tax holidays cost states about $300 million annually. Read more
August 10, 2015
Oklahoma retailers are stocking their shelves as they prepare for the state’s annual sales tax holiday on back-to-school clothing and shoes. But tax policy analysts say it’s little more than a gimmick. Matthew Gardner, executive director at the Institute on Taxation and Economic Policy, says sales tax holidays provide no long-term tax relief to consumers. […]
August 7, 2015
“Paying more to skip the crowds is a back to school shopping strategy some embraced Thursday before the start of the Texas Sales Tax Holiday weekend. A few examples of exempt items include clothing, shoes, school supplies, backpacks, computers, printers, bedspreads and linens. According to the Institute on Taxation and Economic Policy, sales-tax holidays cost […]
August 7, 2015
“The bottom line is that whatever policy goal you want to achieve through a sales tax holiday, there are probably better ways to achieve those goals,” said Matthew Gardner, executive director at the Institute on Taxation and Economic Policy. Gardner said sales tax holidays provide no long-term tax relief to consumers. The institute believes greater […]
August 5, 2015
A 2013 analysis on the impact of a tax holiday in Ohio by the Economics Center at the University of Cincinnati found that while retail sales would increase close to 5 percent in the month of a tax holiday, that increase would be offset by losses in sales in other months, like July and September, […]
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].