January 7, 2013
(PDF of the Original Post) Published online Nov 24, 2009 Study: R.I. taxes take most from poorest Poor pay 11.9% of income; offsets cut richest’s share to 5.6% By Ted Nesi PBN Web Editor PROVIDENCE – Rhode Island’s poorest residents pay more than double the amount of taxes that the state’s wealthiest residents do as […]
January 7, 2013
(PDF of the Original Post) PROVIDENCE –– The General Assembly on Wednesday is expected to unveil a state budget that hikes Rhode Island’s gasoline tax, tightens pension rules for state workers and teachers and eliminates certain tax breaks for high earners. But the legislature’s spending plan for the coming year –– still under negotiation as […]
January 7, 2013
(PDF of the Original Post) 01:00 AM EDT on Saturday, March 21, 2009 By NEIL DOWNING Journal Staff Writer Rhode Island could save more than $49 million a year by eliminating the favorable tax treatment that the state currently allows on capital gains, a new report says. Rhode Island is one of only nine states […]
January 7, 2013
(PDF of the Original Post) Guest Column: Jeff McLynch In recent remarks, first to a gathering of the nation’s mayors and then again before a collection of governors from across the country, President Barack Obama issued stern warnings to local officials about the use of the billions of dollars in federal stimulus funds they are […]
January 7, 2013
(PDF of the Original Post) 01:00 AM EST on Sunday, November 16, 2008JEFF McLYNCH WASHINGTON IT ISN’T VERY OFTEN that one of life’s maxims can be applied to state tax policy. Many hands make for . . . a lot of exemptions? A penny saved is a penny . . . deducted? Yet, judging from […]
January 7, 2013
(PDF of the Original Post) By RANDAL EDGAR Journal State House Bureau The tone was somewhat glum as the Poverty Institute held its annual state budget conference on Friday, in anticipation of Governor Chafee’s budget address this week, but there were some moments of levity. One came during a presentation by Meg Wieghe, of the […]
January 7, 2013
(PDF of the Original Post) 01:00 AM EST on Saturday, March 5, 2011 By Neil Downing Journal Staff Writer Tyler Young, a farmer in Little Compton, says taxing farms and other small businesses fairly, based on their ability to pay, will help ensure their survival. Tyler Young’s family farm is spread across 180 acres off […]
January 7, 2013
(PDF of the Original Post) April 18th, 2011 at 10:55 am by Ted Nesi under Nesi’s Notes Governor Chafee’s original sales tax plan may be gone, but it’s not forgotten. One of the problems the proposal ran into was that it had many critics and few defenders. Take The Poverty Institute, which advocates on behalf […]
January 7, 2013
(PDF of the Original Post) By William Hamilton PBN Staff Writer The General Assembly leadership may have sunk Gov. Lincoln D. Chafee’s controversial sales tax expansion – at least how he initially recommended it. But legislators have been mum on two other Chafee proposals opposed by business groups, to implement combined reporting and to restructure […]
January 7, 2013
(PDF of the Original Post) STATE HOUSE – Rep. Teresa Tanzi is pushing for legislation that would close a loophole that large, multi-state and international corporations use to avoid paying state taxes. Representative Tanzi (D-Dist. 34, South Kingstown, Narragansett) is sponsoring legislation (2011-H 5738) that would enact combined reporting. One of the tricks many multi-state […]
January 7, 2013
(PDF of the Original Post) Rep. Teresa Tanzi has proposed a bill that would close the state’s corporate tax loophole. June 2, 2011 STATE HOUSE – Rep. Teresa Tanzi is pushing for legislation that would close a loophole that large, multi-state and international corporations use to avoid paying state taxes. Representative Tanzi (D-Dist. 34, South […]
January 7, 2013
(PDF of the Original Post) Monday, December 14, 2009 Delaware County Council held a public hearing on a proposed 2010 budget last Wednesday in the county council meeting room. The $308.6 million budget reflects a $5.6 million increase over the current budget. It includes a proposed tax increase of .359 mills, which would bring the […]
January 7, 2013
(PDF of the Original Post) Monday, November 23, 2009 5:52 AMBy Borys Krawczeniuk, The Times-Tribune, Scranton, Pa. Nov. 23–The share of income paid toward state and local taxes by the poorest fifth of Pennsylvanians is more than twice as large as the share paid by the wealthiest, according to a study by a Washington, D.C.-based […]
January 7, 2013
(PDF of the Original Post) STAFF REPORTPublished: November 19, 2009 Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy (ITEP). In 2007, middle-class earners paid nearly double the share of […]
January 7, 2013
(PDF of the Original Post) Philadelphia Business Journal – by Athena D. Merritt Staff Writer A new study ranks Pennsylvania’s tax system as the ninth-most regressive in the nation for taxing the state’s poor and middle income far more heavily than the wealthy. New Jersey did not make the list of states with the most […]
January 7, 2013
(PDF of the Original Post) By Patriot-News Op-Ed March 21, 2010, 12:37PM There is a myth alive and well that low-income people don’t pay taxes. The truth is just the opposite: The poorest families in Pennsylvania pay a higher share of their meager incomes in taxes than middle-class or wealthy families. Who are the poor? […]
January 7, 2013
(PDF of the Original Post) Friday, February 04, 2011 05:00 AM Pennsylvania, like most states, faces huge deficits due to the economic meltdown. Our new governor has promised to balance the state budget without adding or increasing taxes or fees, by cutting business taxes and by making deep cuts in programs. But do we know […]
January 7, 2013
(PDF of the Original Post) April 1, 2011 Flat income tax may have cushioned recession’s blow By Eric Boehm | PA Independent HARRISBURG — One of only seven states with a flat personal income tax system may have spared Pennsylvania from some of the pain of the recent economic downturn. It may be hard to […]
January 7, 2013
(PDF of the Original Post) By Nick Budnick / The Bulletin Published: January 14. 2010 4:00AM PST SALEM — Both sides of the tax battle over the Jan. 26 ballot argue that they, and not their opponent, are the champions of tax fairness in Oregon. The union-backed coalition that is supporting Measures 66 and 67, […]
January 7, 2013
(PDF of the Original Post) By Froma Harrop A daffy Wall Street Journal editorial about the “vanishing millionaires” of Oregon lit a spark in a fairly humorless week. It offers the usual boilerplate about the rich fleeing to tax-friendlier provinces because their state raised taxes, but this time with a great visual: “One-quarter of the […]
January 7, 2013
(PDF of the Original Post) by: SHANNON MUCHMORE World Staff Writer Thursday, November 19, 2009 11/19/2009 5:01:04 AM The poorest 20 percent of Oklahomans pay the most in state and local taxes, a trend seen throughout most ofthe nation, a report issued this month states. “Who Pays?” — an analysis by the nonprofit Institute on […]
January 7, 2013
(PDF of the Original Post) The Oklahoman Editorial Published: November 22, 2009 NO further tax cuts are in the offing for the foreseeable future, so Oklahoma’s tendency to tax lower-income citizens disproportionately is also unlikely to change any time soon. The state is rated as having an exceptionally regressive tax system by the Institute on […]
January 7, 2013
(PDF of the Original Post) Thursday, March 10, 2011 Another Oklahoma income tax cut is expected to come into effect Jan. 1, 2012, despite evidence that strongly suggests the tax cut’s adverse impact on public services and income equality far outweigh its contrived benefits. The initial justification for the cut was based on projections that […]
January 7, 2013
(PDF of the Original Post) by: RANDY KREHBIEL World Staff Writer Monday, March 14, 2011 3/14/2011 5:35:07 AM Eighty percent of Oklahoma households would see little or no direct benefit from an impending quarter-percent income tax cut, according to a report issued last week by the Oklahoma Policy Institute. Nearly three-quarters of the $120-million tax […]
January 7, 2013
(PDF of the Original Post) by David | March 17th, 2011 A recent OK Policy fact sheet that analyzed the distribution of benefits from cutting the state’s top personal income tax rate from 5.5 to 5.25 percent has generated considerable interest and discussion. The tax cut would have a $120 million revenue impact; the analysis […]
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