January 12, 2017
“Raising fuel taxes helped the state in the 1980s, and lawmakers might try it again. Carl Davis, research director at the Institute on Taxation and Economic Policy, says Oklahoma lawmakers have good reason to raise taxes at the pump. “The state has one of the oldest gas tax rates in the country,” he says. “It’s […]
January 12, 2017
“The state also supplements the federal Earned Income Tax Credit for joint filers with income less than $50,000. According to the Institute on Taxation and Economic Policy, these adjustments resulted in the lowest 20 percent of Massachusetts filers paying an effective state income tax rate of 0.8 percent in 2015. The next quintile pays an […]
January 12, 2017
“The LLC exemption — which eliminated taxes on pass-through business income and relieved the tax burden for more than 330,000 Kansas business owners — was passed and signed almost half a decade ago. The exemption has cost our state hundreds of millions of dollars since then (the Institute on Taxation and Economic Policy says it […]
January 9, 2017
“Congratulations citizens of Washington state [“School-funding task force unlikely to have proposed fixes when Legislature convenes,” NWThursday, Jan. 5]. It is official: According to the Institute on Taxation and Economic Policy, the state of Washington is now ranked No. 1 for having the most regressive tax system of all 50 states.” Read more
January 9, 2017
“Also, the increase in income tax for large families would mostly negatively impact lower-income families, who according to an Institute on Taxation and Economic Policy report are already paying a higher percentage of their income for state and local taxes than the upper 20 percent.” Read more
January 9, 2017
“Grayson, the Interfaith Workers Center director, said the coalition needs to try to work to educate the public that attempts at widespread deportations would be costly and harm families and the U.S. economy. A report released in February by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization, calculated that the 11 […]
January 9, 2017
“In the Peach State, the price of a gallon of of gasoline increased by 0.3 cents on January 1 and the price of a gallon of diesel increased 0.4 cents, according to the Institute on Taxation and Economic Policy. The size of the increase was figured by a new formula approved by Georgia lawmakers that […]
January 5, 2017
“The LLC exemption — which eliminated taxes on pass-through business income and relieved the tax burden for more than 330,000 Kansas business owners — was passed and signed almost half a decade ago. The exemption has cost our state hundreds of millions of dollars since then (the Institute on Taxation and Economic Policy says it […]
January 3, 2017
“The Budget and Policy Center blames the deficit on reductions in corporate taxes enacted under Govs. Ed Rendell and Tom Corbett. The state’s top taxpayers are getting a bargain, the center says: Households in the top 1 percent of the income distribution pay less than half the tax rate of households in the middle.” Read […]
January 3, 2017
“Some background. The CPBB’s report, “How State Tax Policies Can Stop Increasing Inequality and Start Reducing It,” starts by ranking the various states according the ratio of average income for the top 5 percent of households to the bottom 20 percent, using Census Bureau data. According to this measure, New Jersey ranks seventh most unequal. […]
January 3, 2017
“Other state legislatures are likely to have similar discussions. Carl Davis, research director at the Institute on Taxation and Economic Policy, tells USA Today that it appears more than a dozen states “will seriously debate gas tax changes next year.” Read more
January 3, 2017
“Since 2013, 19 states have made changes to the way their gas tax is calculated, said Carl Davis, research director for The Institute on Taxation and Economic Policy. There had been years and years and sometimes even procrastination in the states,” said Davis, who studies a variety of issues related to state and federal tax […]
January 3, 2017
“The Institute on Taxation and Economic Policy, a nonprofit, nonpartisan think tank, proposed that state and local governments could significantly increase revenue collection by legalizing undocumented immigrants. A report released in February by ITEP noted that undocumented immigrants collectively pay an estimated $11.64 billion a year. The state of California, home to more than 3 […]
January 3, 2017
“There are still 20 states that have waited a decade or more since last raising their gas tax rates,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, a progressive think tank. “At least a dozen states are going to be discussing gas tax increases next year.” Read more
December 28, 2016
“Georgia, North Carolina, Indiana and Florida will each see modest gas tax increases of less than a penny per gallon, based on automatic adjustments in those states, according to the Institute on Taxation and Economic Policy. Two states — New York and West Virginia — will have slight reductions based on automatic adjustments, according to […]
December 23, 2016
“As Walke pointed out, those who qualify must funnel a higher percentage of their yearly wages to income taxes than their well-heeled neighbors. They also pay sales taxes, and in many cases, property taxes. The Oklahoma Policy Institute calculated the numbers, and it said SB 1604 means a single mother with two kids, with a […]
December 23, 2016
“And, according to the FPI, “Like U.S.-born residents, immigrants pay a lot in property taxes.” Seventy-three percent of Long Island immigrants live in owner-occupied homes, and 40 percent of them pay more than $10,000 a year in property taxes to support local schools and services. The FPI could not say precisely how much unauthorized immigrants […]
December 21, 2016
“Even if the law is a zero-sum proposition, many lawmakers feel there’s an important principle at stake — a level playing field for business. Brick-and-mortar stores located in Colorado are required to collect sales tax. An exception for out-of-state online retailers gives them a competitive advantage. Their customers get a “discount” because a series of […]
December 20, 2016
A new report by the Institute on Taxation Economic Policy examined corporate tax avoidance in the first year that the tax law took effect. The results are the opposite of what Republicans promised and in line with what critics of the law feared: that wealthy corporations, many of which already receive massive public subsidies and […]
December 20, 2016
“Low-income families generally pay a higher percentage of their earnings on state and local taxes. The Institute on Taxation and Economic Policy, for example, said that in 2015, families earning less than $22,000 annually paid 10.4 percent of their income on state and local taxes. Those earning between $22,000 and $44,000 paid 9.3 percent of […]
December 20, 2016
“Contrary to popular belief, undocumented immigrants pay state and local taxes to the tune of $11.64 billion a year. And it is estimated that around 50 percent of undocumented immigrants file income taxes using an Individual Tax Identification Number, according to a report written in Feb. 2016 from The Institute on Taxation and Economic Policy. […]
December 20, 2016
“Property taxes statewide continue to rise despite a state imposed cap. Most municipalities are not able to raise property taxes more than 2 percent without voter approval. The Department of Budget says the property tax bill for a typical taxpayer is more than the state income tax amount. A report from the Institute on Taxation […]
December 20, 2016
“Despite the best efforts of Congress to make sure that the last repatriation holiday spurred investment rather than dividends, it didn’t work out,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, who analysed asset managers’ company filings for FTfm. “Cash is fungible and companies are going to do whatever they […]
December 16, 2016
“The last thing we should be doing is rewarding these bad actors with special tax breaks that are unavailable to the rest of us,” said Matt Garner, a senior fellow at the Institute on Taxation and Economic Policy. “The critical question to ask about corporate tax reform going forward is how it can stop companies […]
December 14, 2016
““There’s a crying need for federal oversight” of state economic incentives, Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, writes in an email. “It’s basically a harmful exercise in a lot of cases. Policymakers are often giving away money for free.”” Read More
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