Institute on Taxation and Economic Policy (ITEP)

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6,242 posts

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

Keystone Research Center: Who Pays for Property Tax Elimination?

• By ITEP Staff

Across all Pennsylvania families, property tax elimination would increase taxes by $334 per family. While property taxes would fall by an average of $1,685 per family, sales and income taxes would rise by over $2,000 on average per family. Moderate-income families (earning between $22,000 and $63,000), many of who live in rural areas, would see […]

Senator Jeff Flake: Tax Rackets: Outlandish Loopholes to Lower Tax Liabilities

• By ITEP Staff

“With a top rate of 40 percent, the U.S. has the highest corporate tax rate in the world.9 Yet, many corporations have not paid any federal income taxes for years.10” Read more here

Kentucky Center for Economic Policy: Undocumented Immigrants Contribute $37 Million Toward Investments in Kentucky Each Year

• By ITEP Staff

Undocumented immigrants living in Kentucky pay $36.6 million in state and local taxes each year, according to a new report from the Institute on Taxation and Economic Policy. These substantial tax contributions should be acknowledged as lawmakers consider the economic and social impact of immigration policy and enforcement in the U.S. – including a recent […]

New Jersey Policy Perspectives: Undocumented Residents Pay $587 Million a Year in NJ Taxes

• By ITEP Staff

New Jersey’s undocumented immigrants contribute $587 million in state and local taxes, the sixth highest level of all the states. And those contributions would increase by $73 million – the eighth most of all states – under comprehensive immigration reform. These are the key Garden State findings in a new 50-state study released today by […]

Fiscal Policy Institute: Economic Contribution, Taxes Paid, and Occupations of Unauthorized Immigrants in New York State

• By ITEP Staff

There is a widespread misconception that unauthorized immigrants do not pay taxes. Yet, a careful national study prepared by the Institute on Taxation and Economic Policy—and coreleased in New York by the Fiscal Policy Institute with this report—finds that unauthorized immigrants currently pay $1.1 billion in state and local taxes in New York. Read more […]

NC Policy Watch: What you need to know as the state Senate moves to cut taxes yet again

• By ITEP Staff

The North Carolina Senate is moving ahead yet again – perhaps as early as this afternoon – with a new proposal to further reduce state taxes and the revenues they generate to fund essential public structures and services. While the plan is billed as “a billion dollar middle class tax cut,” a closer look at […]

The Progressive Pulse: New analysis: Most of NC senate’s “middle class” tax cut would actually flow to the wealthy

• By ITEP Staff

BTC’s analysis of SB 325 uses a more robust model developed by the Institute on Taxation and Economic Policy (ITEP), a non-profit, non-partisan organization. ITEP’s microsimulation tax model calculates tax revenue yield and incidence, by income group, of federal, state and local taxes. The model is used in states across the country to analyze state […]

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 […]

Evidence Counts: Senate Tax Plan Creates Big Budget Hole, Shifts Tax Load Onto Working Families (Updated)

• By ITEP Staff

Last Wednesday, the Senate passed Senate Bill 409 that makes sweeping changes to the state’s tax system that decrease personal income and severance taxes while increasing sales taxes.  Similar to previous Senate tax proposals,  SB 409 shifts the tax load onto working families to pay for tax cuts for wealthier West Virginians. On top of […]

The Progressive Pulse: Why cutting taxes for business again makes no sense

• By ITEP Staff

When businesses pay their share of taxes, North Carolina is able to invest in the things that build thriving communities and a prosperous economy – things like good schools, roads, public health and a clean environment. The Senate’s tax plan, Senate Bill 325, includes a tax cut for businesses that goes against this proven principle.  […]

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 […]