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 jon@itep.org.
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media mention March 12, 2019 KUOW: Why Washington Ranks as the Worst State for Poor Residents
Washington ranks as the worst state for low-income earners to live, and it’s notably worse than any other state. The Institute on Taxation and Economic Policy (ITEP) places Washington, Texas… -
media mention March 11, 2019 Crains Chicago: It’s Time to Tax Retirement Income, Illinois
On federal returns, income tax is paid on retirement resources that have not been previously taxed—defined-benefit pensions, 401(k)s, and traditional individual retirement accounts. Higher-income seniors also pay taxes on Social… -
media mention March 10, 2019 Philadelphia Inquirer: Why It’s Not as Simple as ‘New Jersey Is a High-Tax State’ or ‘Texas Is a Low-Tax State’
A recent study by the Institute on Taxation and Economic Policy analyzed the burdens of state and local taxes across the nation. The results were eye opening, though hardly surprising.… -
media mention March 7, 2019 Marketwatch: Trump’s Tax Cuts Are Punishing States that Voted for Clinton
MarketWatch looked at the calculations conducted by the Institute for Taxation and Economic Policy, an independent Washington, D.C. think-tank. Bottom line: States that voted for Trump will get 56% of… -
media mention March 6, 2019 The Columbus Dispatch: Ohio House Members Want Some Answers before Voting on DeWine’s Gas Tax Hike
According to the Institute on Taxation and Economic Policy, 27 states have raised their gas taxes since 2013, including every state adjacent to Ohio. The gas tax affects what people… -
media mention March 6, 2019 Washington Post: State and Local Tax Laws Are Making the Rich Richer
State and local taxes effectively redistribute national income from the poor to the very rich, according to data released this week by the Institute on Taxation and Economic Policy, a… -
media mention March 6, 2019 The Hill: Time Is Long Overdue for Congress to Address Marijuana Banking
According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018 derived from state-sanctioned recreational sales surpassed $1 billion — a 57 percent increase… -
media mention March 5, 2019 Law 360: Mich. Gov. Offers 45-Cent Gas Tax Hike For Urgent Road Fixes
Since 2013, 27 states have approved gas tax increases, according to an analysis from the Institute on Taxation and Economic Policy. Read more (subscription) -
media mention March 4, 2019 CBS News:Some of America’s Biggest Companies Paid Little to No Federal Income Tax in 2018
Its 10-K estimates its federal income tax liability at $-22.176 for 2018 — hence ITEP’s conclusion that it won’t pay the government any money for the year. “When I say… -
media mention March 1, 2019 Minneapolis Star-Tribune: Tax Avoidance Might Make Financial Sense, but Is It Fair?
One feature of sales taxes is that they cost lower-income people a bigger chunk of what they take in than is the case for more affluent people. In Minnesota the… -
media mention March 1, 2019 Bloomberg: Democrats In the Home of Hedge Funds Are Divided Over Tax Plans Sparing Rich
“Most public finance experts will tell you if you have sales tax it should be applied to a broad base,” said Carl Davis, the research director at the Institute on… -
media mention March 1, 2019 Fortune: Why Amazon May Pay No Federal Income Taxes This Year
Amazon’s expected tax avoidance comes despite it nearly doubling its U.S. profits to $11.16 billion in 2018, according to the Institute on Taxation and Economic Policy (ITEP), a nonpartisan tax… -
media mention March 1, 2019 Vox: Undocumented immigrants pay millions of dollars in state taxes — even in the reddest states
While it’s impossible to get the exact numbers because of the limited data available, researchers at the left-leaning Institute for Taxation & Economic Policy estimate that undocumented workers paid a… -
media mention February 28, 2019 Miami Community Newspapers: Marijuana Justice Act Introduced in Both Houses of Congress
Specifically, a 2017 report estimates that over 149,000 Americans are now working full-time in the cannabis industry. According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018… -
media mention February 28, 2019 New York Times: Betsy DeVos Backs $5 Billion in Tax Credits for School Choice
Carl Davis, the research director for the Institute on Taxation and Economic Policy, noted that the new tax credit would be extremely generous in providing a 100 percent tax break,… -
media mention February 28, 2019 Marketplace: Devos Proposes $5B in Tax Credits for Scholarship Donations
This new segment features ITEP’s research director Carl Davis: -
media mention February 28, 2019 Bloomberg Tax: Tax Executives Fear Overhaul Impermanence as Dems Mull Tweaks
The GILTI income subject to the tax is the income earned through a controlled foreign corporation that exceeds 10 percent of the value of the CFC’s tangible, depreciable assets, such… -
media mention February 28, 2019 Reuters: Illinois Budget Debate Raises Key Questions on Taxing Retirement Income
But the policies of various states are all over the map. Data provided by the Institute on Taxation and Economic Policy shows that 11 states tax some portion of Social… -
media mention February 25, 2019 Napa Valley Register: Congress Must Address Marijuana Banking Issue
According to tax data compiled by the Institute on Taxation and Economic Policy, tax revenues in 2018 derived from state-sanctioned recreational sales surpassed $1 billion – a 57 percent increase… -
media mention February 22, 2019 Bloomberg: Amazon Doesn’t Plan to Pay the IRS Anything This Tax Season
The fact that Amazon can legally reduce its tax bill to nothing calls into question the effectiveness of the code, said Matthew Gardner, a senior fellow at the Institute of… -
media mention February 22, 2019 InsideSources: Amazon Paid Zero Corporate Taxes Last Year. Why Aren’t 2020 Democrats Talking About It?
“I blame Congress,” says Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy which first released the news of Amazon’s zero corporate tax bill. “Unless we… -
media mention February 22, 2019 Financial Post: Lawrence Solomon: Amazon Is Fleecing Taxpayers. Strangely, Socialists Are the Ones Saving Us
According to the non-partisan Institute on Taxation and Economic Policy, while profitable major corporations have paid an average of over 21 per cent in federal taxes, over the last 10 years Amazon’s use of tax loopholes has lowered its average to just three per cent. In the last two years, during which it earned US$16.8 billion in profits, it paid no federal income tax at all, thanks to its use of unspecified tax credits and executive stock options.
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media mention February 22, 2019 The Guardian: Why Didn’t Amazon Pay Federal Taxes for the Second Consecutive Year?
Amazon is already getting plenty of benefits from the federal government. The company nearly doubled its profits to $11.2bn in 2018 from $5.6bn the year before and, for the second year running didn’t pay a single cent of federal income tax. In fact, Amazon reported a federal income tax rebate for the past two years totalling almost $270m according to the Institute on Taxation and Economic Policy analysis of Securities and Exchange Commission filings. Netflix also paid no federal or income tax on profits of $845m last year.
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media mention February 21, 2019 Irish Examiner: New EU Competition Commissioner Must Take on US Tech Giants, Says ISME
“The Institute on Taxation and Economic Policy report in Washington DC has noted that Amazon enjoyed a negative tax rate in the US in 2018. That is not a misprint.… -
media mention February 21, 2019 Think Progress: U.S. Banks Raked in Record Profits Thanks to GOP Tax Bill
Because of the corporate tax cut, massive corporations like Amazon, which is valued at nearly $800 billion, will pay $0 in federal taxes this year. In fact, the company is expecting a federal refund of nearly $129 billion. This essentially puts Amazon at a federal income tax rate of -1 percent this year, after paying a federal rate of more than 11 percent from 2011 to 2016. This is the second year in a row that Amazon has not paid any federal taxes. The Institute on Taxation and Economic Policy (ITEP) suggests that this is due to a combination of the corporate tax cut and a loophole that allows corporations to avoid paying state and federal taxes on roughly half their income.