Select Media Mentions
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].
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media mention February 25, 2020 The Chicago Tribune: Recreational marijuana sales in Illinois generated more than $10 million in tax revenue in January
Many dispensaries continue to sell recreational marijuana only on certain days of the week or for restricted hours. Though greater volumes of product continue to filter into the market from… -
media mention February 25, 2020 The Hill: Financial trade tax gains traction with 2020 Democrats
Democratic presidential candidates across the ideological spectrum are calling for taxes on financial trades, breathing new life into an idea that for many years was promoted primarily in progressive circles.… -
media mention February 24, 2020 Anchorage Press: The Pocketbook Reasons Most Alaskans Should Prefer an Income Tax to a Statewide Sales Tax
An analysis in 2017 by the Institute on Taxation and Economic Policy (ITEP) produced similar results. All people in households who make less than $73,000 per year—and some in higher-earning… -
media mention February 20, 2020 MarketWatch: Jeff Bezos spent more on this house in Beverly Hills than Amazon has paid so far in federal corporate income tax for 2019
Amazon listed a “summary” of its 2019 U.S. taxes as including $2.4 billion in other federal taxes, including payroll taxes and customs duties, and more than $1.6 billion in state… -
media mention February 20, 2020 Washington Post: White House advisers privately float minimum tax on corporations amid blowback over 2017 GOP law
Opponents of the tax law such as presidential candidate Sen. Bernie Sanders (I-Vt.) have assailed the GOP and multibillion-dollar corporations for allegedly paying $0 in federal taxes under the new… -
media mention February 20, 2020 Minneapolis Star-Tribune: Tax reform may be more lucrative than advertised for corporations
Many of Minnesota’s major corporations paid lower tax rates in 2018 than new, dramatically lower corporate tax rates. That was among the findings in an analysis of government filings by… -
media mention February 20, 2020 Factcheck.org: FactChecking the Las Vegas Democratic Debate
There were indeed reports last year, prompted by the findings of the left-leaning Institute on Taxation and Economic Policy, indicating that the two companies and others paid no federal income taxes in 2018. The… -
media mention February 12, 2020 Yahoo! Finance: In Search of the ‘Disappearing Corporate Income Tax’
Those losses, driven by generous rule-writing and interpretations of the 2017 tax law by the U.S. Treasury, are so substantial that they were deemed “tax cuts 2.0” by the liberal-leaning… -
media mention February 10, 2020 Maine Beacon: Report: Maine losing $52 million annually to corporations using offshore tax havens
The amount of money U.S. companies move through tax havens is considerable. Fortune 500 companies made $2.6 trillion in offshore profits in 2016, according to the Institute on Taxation and… -
media mention February 7, 2020 Politifact: Fact-checking the Democratic claim that Amazon doesn’t pay taxes
Short answer: Amazon’s tax returns are private, so we don’t know for sure what Amazon pays in federal taxes. But Amazon’s estimates on its annual 10-K filings with the U.S.… -
media mention February 7, 2020 CBSNews.com: Amazon paid a tax rate of just 1.2% last year, versus 14% for average Americans
Amazon isn’t alone, of course. Hundreds of U.S. companies now pay tax rates that are lower than those many Americans pay. A study late last year from the liberal Institute… -
media mention February 7, 2020 Yahoo! Finance: Amazon paid a 1.2% tax rate on $13,285,000,000 in profit for 2019
Matthew Gardner, senior fellow for the Institute on Taxation and Economic Policy (ITEP), who analyzes corporations and their tax avoidance, says there’s “no meaningful” connection between Amazon and many of… -
media mention February 7, 2020 The Sun: AMAZON’S DIME Amazon paid just ONE per cent tax after making $13BILLION profit leaving taxpayers with jus $162million
One expert found ‘no meaningful’ link between Amazon and the tax payments in the SEC filing. Matthew Gardner, a senior fellow for the Institute on Taxation and Economic Policy, wrote:… -
media mention February 7, 2020 Fox Business: Amazon paid tax rate of 1.2% on $13B in profits last year
“This means that instead of avoiding 100 percent of its income tax liability, Amazon appears to have avoided only 94 percent of its tax bill last year,” Matthew Gardner, senior fellow… -
media mention February 7, 2020 The Daily Mail: Amazon paid only $162M in US federal taxes in 2019 after making $13BILLION in profit – an effective rate of just one per cent
Taxes collected on behalf of the government for payroll and from online sales from third-party vendors don’t count as taxes paid. The expert wrote in a post made for the Institute… -
media mention February 6, 2020 Politico: Cloudy Forecast for Tax Law Fixes
DECOUPLING DEDUCTIONS: Two-thirds of states with property tax deductions set a $10,000 ceiling along the lines of the TCJA’s cap on federal deductions for state and local taxes, according to… -
media mention February 6, 2020 International Business Times: Amazon Only Paid 1.2% Taxes In 2019 Despite $13 Billion Profit
Yahoo Finance, however, pointed that with the exception of the federal income tax, the listed amounts aren’t actually taxes Amazon paid to the federal government. There’s “no meaningful” connection between Amazon… -
media mention February 4, 2020 CNBC: Amazon had to pay federal income taxes for the first time since 2016 — here’s how much
However, paying something like payroll tax is hardly something to boast about, according to Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, or ITEP, a… -
media mention February 4, 2020 The Verge: Amazon finally owes federal income taxes this year — but we still don’t know how much it’s paying
t’s still, however, a low number compared to Amazon’s total profits. “It’s not fair to say [Amazon] paid nothing” on federal taxes anymore, says Matthew Gardner of the Institute on… -
media mention February 3, 2020 Bond Buyer: IRS SALT regulation allows loophole for pass-through businesses
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media mention February 3, 2020 Morning Call: Air Products collects $17 million tax rebate, one of many Fortune 500 companies that paid no corporate taxes
Air Products joined PPL, which during approximately the same period had a $19 million federal tax cut, according to the nonprofit Institute on Taxation and Economic Policy. Fortune 500 company… -
media mention January 31, 2020 Law 360: Blame Deficit on Disastrous Tax Law
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media mention January 31, 2020 Seattle Times: Amazon touts 2019 federal taxes, but the picture is complicated
So was Amazon’s 2019 U.S. federal income tax bill $1 billion or $162 million? The discrepancy stems from different financial statements companies prepare for tax authorities and investors, which recognize… -
media mention January 31, 2020 Gizmodo: Amazon’s Tax Claims Are Riddled with BS
According to Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, these numbers are, at best, misleading. “You look at the different types of taxes that… -
media mention January 29, 2020 USA Today: State taxes: Which are the most tax-friendly states for the wealthy?
Wealthier Americans tend to pay a smaller share of their income in state and local taxes than lower-income Americans. According to a 2018 report released by The Institute on Taxation…