Institute on Taxation and Economic Policy

Select Media Mentions

Charleston Gazette-Mail: Cutting WV Income Tax Likely to Backfire

April 11, 2017

There are nine states with no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, New Hampshire and Tennessee. Only Texas has seen job growth — as a result of being the center of the oil industry. The others have not; job growth has trailed population growth in the other eight. This is based […]

Atlanta Journal Constitution: Is a flat tax right for Georgia?

April 11, 2017

That’s the problem Tharpe has with studies like the Wallethub.com survey. That 50-state look at state taxes found Georgia has a tax burden of 8.2 percent of individual personal income. The Washington, DC,-based financial services website ranked Georgia slightly better than Arizona and just behind Washington state. When I tweeted out those findings, Tharpe was quick to […]

Connecticut Post: These two big Connecticut companies avoided taxes for years

April 11, 2017

The Institute on Taxation and Economic Policy in Washington, D.C. analyzed 258 profitable Fortune 500 companies and found that 100 of them paid no taxes at least one year between 2008 and 2015.   Eighteen of these corporations, including General Electric and Priceline, paid zero total income tax over the eight-year period, the study showed. […]

The Minneapolis Start-Trubine: The Tax Fairness Gap is gone

April 11, 2017

But if states can compete on tax fairness, Minnesota is positioned to do well. The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor. It praised Minnesota not only for raising its […]

Chicago Tribune: Family finances: How a border tax would affect you

April 11, 2017

But economists at the Institute on Taxation and Economic Policy, a nonpartisan research group, say the adjustment overall could take years, and in the meantime, at least some portion of the tax would be passed on to consumers. Read more

Minnesota Post: Health of Twin Cities lakes at risk from salt

April 11, 2017

The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor.” Read more

Boston Globe: Some See Risks Rising for Undocumented Who Pay Their Taxes

April 2, 2017

In total, they paid $23.6 billion in federal taxes, according to the Taxpayer Advocate Service, an arm of the Internal Revenue Service. Separately, undocumented workers pay nearly $12 billion in state and local taxes per year, according to a March report by the nonprofit Institute on Taxation & Economic Policy in Washington, D.C. In Massachusetts […]

The San Diego Union Tribune: Sempra has paid no corporate taxes in recent years … and it’s all legal

March 31, 2017

According to figures compiled by the Institute on Taxation and Economic Policy (ITEP), a left-of-center group based in Washington D.C., between 2008 and 2015 Sempra earned $7 billion in profit but actually received $34 million back in federal taxes, equating to an effective tax rate of minus 0.5 percent. “Sempra looks to me like a […]

Christian Science Monitor: After years of fighting states, Amazon makes sales tax standard

March 31, 2017

Regardless of the motivation for the move, tax experts applaud the decision to make state sales tax collection standard. “This expansion in Amazon’s tax collection practices represents a step forward for rational sales tax policy,” Carl Davis, research director at the Institute on Taxation and Economic Policy, wrote on March 21. Read more

Philadelphia Inquirer: BAT Bad News for Pennsylvania

March 31, 2017

Furthermore, any attempt to tax imports will likely be retaliated against in other countries by enacting similar trade measures that boost their own exports and penalize U.S. imports. In a recent interview, Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy said, “The question is whether that would just mean a […]

Bloomberg BNA: States May Eye Health Care Flop as Harbinger on Tax Reform

March 31, 2017

Whatever happens on taxes at the federal level, a debate on how Congress might or should broaden the base of what’s taxable is likely to occur, and that will be positive, Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said at the Tax Foundation event. “It’ll be a good thing […]

The Seattle Times: Boeing Paid Federal Taxes

March 31, 2017

Matthew Gardner, a senior fellow at the nonprofit Institute on Taxation and Economic Policy, which lobbies for tax fairness, said Boeing “continues finding new bases for postponing taxes.” “Boeing’s prodigious capacity to keep generating deferred tax liabilities means that in any given year, its effective tax rate is very, very low.” The tax data from […]

Salon: The rich pay fewer taxes than the poor, and get more services

March 31, 2017

The analysis starts with state and local taxes, which are often ignored by apologists for big-income tax cuts. According to the Institute on Taxation and Economic Policy, the state and local tax rate for the poorest 20 percent of individuals is double that of the top 1 percent (10.9 percent vs. 5.4 percent). New data from Thomas Piketty, Emmanuel Saez […]

The Guardian: My undocumented friend: Carlos does the work few in Vermont want to do

March 31, 2017

While on the campaign trail, Donald Trump called CNN’s Erin Burnett “naive” for suggesting “illegal immigrants” pay taxes. But nationally, they contribute an estimated $11.64bn a year in just state and local taxes, with at least 50% of undocumented immigrant households filing tax returns, according to the non-partisan Institute on Taxation and Economic Policy. Vermont’s […]

St. Louis Public Radio: Proposition 1, a St. Louis ballot measure, regarding MetroLink, urban development funding

March 31, 2017

Newhouse cited a statistic from the nonpartisan Institute on Taxation and Economic Policy, which found that the bottom 20 percent of income earners in the state of Missouri pay 5.8 percent of their annual income in sales tax. “You want these people to have access to ride North/South MetroLink to have more opportunity, to get […]

International Business Times: Republican Health Care Plan: Trumpcare Gives Wealthiest 1% A $31B Taxcut

March 31, 2017

The wealthiest Americans will see the biggest benefit from the Republican plan to repeal the tax on investments and additional Medicare tax in the Republican American Health Care Act, a state-by-state analysis by the Institute on Taxation and Economic Policy indicates, with California and the District of Columbia the biggest winners. The analysis indicated the […]

Washington Post: How a GOP tax plan would help Caterpillar after a raid by federal agents

March 22, 2017

“Caterpillar appears to have elevated international tax avoidance to an art form,” said Matt Gardner, the former director of the left-leaning Institute on Taxation and Economic Policy. “From that perspective, this plan is exactly backwards. It would leave the barn door wide open for companies like Caterpillar to continue shifting their profits on paper offshore.” […]

Queen Anne News: Seattle’s proposed soda tax doesn’t go far enough

March 22, 2017

According to the nonpartisan Institute on Taxation and Economic Policy, Washington has the most unfair state and local tax system in the country. Read more According to the non-partisan Institute on Taxation and Economic Policy, Washington state has the most unfair state and local tax system in the country. The state’s reliance on sales taxes […]

Arizona Daily Sun: Trump corporate tax cut must be paired with reforms

March 22, 2017

A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. One-hundred of the firms had at […]

Dallas News: For Trump loyalist and the neighbors she hates, immigration policy more than politics

March 22, 2017

Nationwide, undocumented immigrants pay about $11.7 billion a year in state and local income, sales and property taxes, including about $1.5 billion in Texas, according to the nonpartisan Institute on Taxation and Economic Policy. And more than 4 million people who do not have Social Security numbers – most of them undocumented immigrants – file […]

Altoona Mirror: Tax season shows why reforms needed

March 22, 2017

A new study by the Institute on Taxation and Economic Policy demonstrates that any reform must be in multiple directions, rather than in just reducing rates at the top. President Donald Trump and others often lament that the top corporate tax rate is too high at 35 percent. But the study found that massive tax […]

The Capital Times: Dems’ bill promotes an economy that works for everyone

March 22, 2017

Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4 percent (“Pulling Apart 2016,” by the Wisconsin Budget Project and COWS). Not only are middle-income people paying the largest percentage of their income of any […]

Ventura County Star: Corporate tax cut must include reform

March 22, 2017

A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. A hundred of the firms had […]

Urban Milwaukee: Democrats’ Tax Proposal Helps Middle Class

March 22, 2017

Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4 percent (Pulling Apart 2016, by the Wisconsin Budget Project and COWS). Not only are middle income people paying the largest percentage of their income of […]

Kansas City Star: Who would argue taxes with H&R Block? This guy, but only a little

March 22, 2017

Who would argue taxes with H&R Block? Matt Gardner would, but only a little. Gardner was the lead author of a recent study by the Institute on Taxation and Economic Policy titled “The 35 Percent Corporate Tax Myth.” The study’s conclusion was that many big, profitable companies already pay far less than the 35 percent […]

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