December 13, 2016
“Amazon is now relying on the type of abatement package it received from Nevada, LeRoy said, since the company no longer can avoid collecting sales tax, in general. Although Amazon has operated a warehouse in Nevada since 1999, it started collecting sales tax from online sales in Nevada only in 2014, according to the Institute […]
December 12, 2016
“That loophole, known as deferral, lets corporations avoid paying any United States taxes on their offshore profits until they are brought back here. That’s why, according to a recent survey by tax researchers, Fortune 500 companies are holding nearly $2.5 trillion in profits that are booked offshore, mostly in tax havens, on which no United […]
December 12, 2016
“A mass deportation would have huge, measurable consequences to our economy. For example, according to a study by the nonpartisan Institute on Taxation and Economic Policy, it would reduce our collective tax revenue as a nation by $12 billion, not to mention the estimated cost, approximately $400 billion, to deport these individuals.” Read More
December 9, 2016
“Because of SB 1604, a single mother with two children and working full-time at $10 an hour will experience a tax increase of $231, and a married couple with three children and earning $20,800 a year will realize a tax hike of $313, the Oklahoma Policy Institute calculated. The average loss will be $91 per […]
December 7, 2016
“And transportation experts warn that plenty of worthy projects would likely fall by the wayside if P3s were the only option. “We’re not going to have private companies filling our potholes or expanding our bus system, because those things aren’t profitable,” says Carl Davis, research director at the D.C.-based Institute on Taxation and Economic Policy. […]
December 5, 2016
“Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, who has critiqued the Trump-Pence Carrier deal in a series of blog posts, told In These Times he sees this entire saga as an example of Carrier “gaming the system” for its own ends on the backs of taxpayers.” Read More
December 2, 2016
“But gas taxes are also highly regressive, falling most heavily on low- and middle-income families. In this case, an analysis using the Institute on Taxation and Economic Policy microsimulation model shows the gas tax increase will average 0.54 percent of the incomes of New Jerseyans with incomes less than $25,000, while averaging 0.14 percent of […]
December 1, 2016
“The Institute on Taxation and Economic Policy reports that the poorest 20 percent of Nevada families pay 6.1 percent of their income in sales tax. The wealthiest one percent of Nevada families pays six-tenths of one percent.” Read more
November 30, 2016
“The bill has nevertheless encountered opposition from various organizations within the District. Richard Phillips, senior policy analyst at the Institute on Taxation and Economic Policy, a non-profit, nonpartisan think tank that focuses on state and tax policy issues, expressed concerns that the exemption would not be an efficient way to address some of the inherent […]
November 30, 2016
“Additionally, some economists say that it’s bad policy for states to offer up tax breaks for companies who agree to locate plants or other operations in certain communities, a practice that is widespread, with states and municipalities already providing $50 billion in location-incentive tax breaks every year—that’s money that could be used for schools or […]
November 28, 2016
“Opponents of undocumented immigrants often assume that these workers don’t contribute to the economy and leech off public services; this simply isn’t true. Many of these people work and contribute to the economy. Research from the Institute on Taxation and Economic Policy indicates that out of the $11.64 billion in taxes paid by undocumented workers […]
November 28, 2016
“Carl Davis is the research director at the Institute on Taxation and Economic Policy. ITEP is a non-profit and non-partisan research group that works on federal, state, and local tax issues. On the campaign trail, President-elect Donald Trump said that he would encourage states to provide more public funding for private schools through the creation […]
November 28, 2016
“‘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
November 28, 2016
“Mr Trump also plans to scrap inheritance tax, which is currently only charged on estates worth more than $5.45m (£4.3m) and joint estates of $10.9m (£8.7m), affecting just one in 500 Americans. ‘It’s hard to think of a tax change that will have a more detrimental effect on inequality,’ Matt Gardner, a senior fellow at […]
November 23, 2016
“P3s are having a bit of a heyday right now, as local governments experiment with having private investors build everything from toll roads to water projects. The method has limitations. For one, notes Carl Davis, research director at the D.C.-based Institute on Taxation and Economic Policy, it can only be used on projects that generate […]
November 23, 2016
“‘Listening to Trump’s rhetoric, most Americans probably don’t realise at all the impact of Trump’s tax plan,’ Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy (ITEP) said. ‘Any way you slice it, the very best-off Americans will be the biggest beneficiaries.’ ‘If it looks bad now for middle-income families, those […]
November 23, 2016
“Both the bureau’s and Mayor Petty’s proposal nevertheless would shift a greater share of the tax burden to those least able to afford it. The Institute on Taxation and Economic Policy, for example, has noted that ‘on average, poor homeowners and renters pay more of their income in property taxes than do any other income […]
November 21, 2016
“Part of the reason why Albouy’s ideas have not caught on is that it would be complicated. ‘It would add incredible complexity to the tax code,’ said Matthew Gardner, senior fellow with the Institute on Taxation and Economic Policy. There are many good reasons, he said, why things cost more in New York than they […]
November 21, 2016
“Rodriguez said immigrants have contributed greatly to both the country and state, citing statistics from the Institute on Taxation and Economic Policy which state the 11 million undocumented immigrants in the U.S. have paid more than $11.6 billion in state and local taxes.” Read more
November 16, 2016
“Also, according to the Institute on Taxation and Economic Policy, undocumented immigrants pay around $11.64 billion in taxes each year.” Read more
November 16, 2016
“Meg Wiehe, state tax policy director at the Institute on Taxation and Economic Policy, a research group based in Washington, D.C., said these one-off taxes on goods exacerbate income inequality. The tax code can’t correct the problem, she said, but it shouldn’t make the problem worse. What’s more, if the tax works as intended, revenue […]
November 16, 2016
“Prado said undocumented immigrants contribute about $292 million in taxes to Washington state each year, according to the Institute on Taxation and Economic Policy. The amount would be higher with full legal status.” Read more
November 14, 2016
“‘There was never any real backing for his argument that he was proposing populist tax reform,’ said Matthew Gardner, a senior fellow at nonpartisan nonprofit Institute of Policy and Taxation. ‘If you look at the two pretty similar tax plans he released as a candidate, they had two things in common: one is that they […]
November 14, 2016
“Carl Davis, research director at the Washington, D.C.-based Institute on Taxation and Economic Policy, said it’s true that state governments will have to find alternate ways of generating revenues for road projects as more cars go hybrid and electric. And he lauds Colorado, Oregon and California for testing the per-mile tax concept for the day […]
November 14, 2016
“And though there are competing analyses about whether unlawfully present immigrants contribute more to the economy than they cost in education and health expenses, what cannot be denied is that, according to the nonpartisan Institute on Taxation and Economic Policy, illegal immigrants contribute more than $11.6 billion to state and local coffers each year and […]
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].