January 4, 2024
Property taxes are rising along with real estate prices — particularly in the Mountain West. Read more.
January 4, 2024
Many Americans took a double whammy to the pocketbook this year: Prices for things like food and rent rose, and federal pandemic aid continued to peter out. But a string of states took a cue from one of those relief measures — the expanded federal child tax credit — and are stepping in to help […]
January 2, 2024
It’s January, which means you’ll be able to file your 2023 tax returns soon. And this year the IRS is trying something new: Some taxpayers in 12 states will be able to electronically file their federal returns directly with the agency, as opposed to using third parties, which is how the agency’s current e-filing program works. Read […]
December 23, 2023
If billionaires’ largesse was designed to keep the justice on the high court, experts say the money could be considered a taxable payment. Read more.
December 15, 2023
Exxon Mobil’s income tax payments to the U.S. government have dropped to 3% over the past five years – several times below the company’s 20-year average – on massive deductions passed under former President Donald Trump. Read more.
December 14, 2023
What would happen if the U.S. actually did eliminate the IRS? When I posed this question to Joe Hughes, federal policy analyst at the Institute on Taxation and Economic Policy, he wanted to make one thing clear right away: “There’s no feasible way to abolish the IRS.” Read more.
December 9, 2023
Thanks to policy changes, more and more of the country’s megarich are keeping their wealth in the family. Read more.
December 8, 2023
The justices are being asked to define income under the 16th Amendment, and their answer will have a huge effect on enacting taxes on extreme wealth. Read more.
December 6, 2023
The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. Read more.
December 6, 2023
A $15,000 dispute before the Supreme Court could create billions of dollars in tax bills for rich people — or it could lead to massive government refunds to companies like Apple. Read more.
December 5, 2023
Georgia’s Republican governor and legislative leaders want to speed up an already-planned cut in the state income tax rate. Read more.
December 3, 2023
The staged TV confrontation on Fox News Thursday between Gov. Ron DeSantis and his California counterpart, Gavin Newsom, didn’t live up to the hype. You knew it wouldn’t. Read more.
December 3, 2023
The 90-minute “red state-blue state” debate hosted by Sean Hannity of Fox News featured a blizzard of statistics by Florida Gov. Ron DeSantis (R) and California Gov. Gavin Newsom (D). Here’s a quick guide to some of the more noteworthy claims and whether they stand up to scrutiny. Read more.
December 3, 2023
If hurling insults, distorting facts, and pandering to Americans’ worst instincts are the hallmarks of leadership, then Florida Gov. Ron DeSantis emerged the winner in the debate with California Gov. Gavin Newsom. Read more.
November 29, 2023
Remember the wealth tax? It was a centerpiece of Sen. Elizabeth Warren’s 2020 presidential campaign, but the proposal — like her candidacy — didn’t end up going anywhere. But just because America doesn’t actually have a wealth tax doesn’t mean the Supreme Court can’t rule it out of bounds. It just might do so, The Associated Press reported, […]
November 9, 2023
Tax prep companies claim a government-run direct-file system would be expensive — but it could cost less than the federal subsidies going to the industry. Read more.
November 6, 2023
Ahead of next year’s presidential election, voters will weigh state and local proposals on abortion, taxes and housing. Read more.
November 1, 2023
With statewide elections on the doorstep, some 2024 candidates are playing on a familiar ploy in calling for a reduction or an end to Indiana’s income tax. The most popular idea floated by those who are campaigning on the proposal, including current lieutenant governor and gubernatorial hopeful Suzanne Crouch, is to replace a sizable portion […]
October 26, 2023
We older Americans are not only controlling national politics, we are consuming an ever larger share of our economy’s resources through programs like Social Security and Medicare, leaving younger Americans to foot growing bills for their parents’ and grandparents’ retirements. And politicians of both parties are refusing to recognize the consequences. Read more.
October 25, 2023
Since 2021, half the states have cut personal income tax rates. Read more.
October 23, 2023
For decades, multinational corporations—especially those based in the U.S.—have funneled billions of dollars in profits to tax havens, earning even more money for their shareholders. Read more.
October 21, 2023
As Indiana seems poised to restructure its tax system in the next few years, some policy experts are urging the State and Local Tax Task Force not to make drastic cuts to the state’s individual income tax. Read more and watch the video featuring ITEP’s Neva Butkus here.
October 20, 2023
As electric vehicles become more popular and gasoline sales decline, governments are struggling to find new ways to fund infrastructure. Read more.
October 17, 2023
Even if the city wanted to scrap its 1% earnings tax and make the property tax dominant—as it is nationwide—conservative state laws block it. Read more.
October 16, 2023
More than 20 years ago, during Frank Keating’s second term as governor, he proposed replacing the state’s individual income tax, its sales tax on groceries and its business franchise tax with a 5.9% tax on some 200 additional business activities, from hair cuts to house sales. Oklahomans liked the idea of no income tax, but […]
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].