
February 17, 2016
“When I spoke to Carl Davis at ITEP he indicated that in order for the Tax Foundation model to make sense you have to think that the government is taking resources out of the economy and burning them, rather than producing public goods. Oddly enough, that is probably what a lot of people think. There […]
February 17, 2016
There are also ways to rebalance our tax structure to make it less heavily reliant on working families. According to the Institute on Taxation and Economic Policy, the lowest income New Mexicans are paying a higher percentage of their income on overall taxes than the highest income households. We could modify capital gains deductions […]
February 17, 2016
“According to the Institute for Taxation and Economic Policy, only 448 millionaires departed the state or died in 2008, just 36 more than in an average year. Millionaires moved for much the same reasons the rest of us do — better weather, to be with family, a new job, a favorable housing market. Very few […]
February 12, 2016
“None of this is exactly a secret, but what’s remarkable is just how little foundation funding goes to support work on taxes and fiscal policy writ large—particularly by those funders who have the most to lose from budgetary downsizing. The Center for Budget and Policy Priorities is relatively well supported, but has a budget a […]
February 12, 2016
“There are also ways to rebalance our tax structure to make it less heavily reliant on working families. According to the Institute on Taxation and Economic Policy, the lowest-income New Mexicans are paying a higher percentage of their income on overall taxes than the highest-income households. We could modify capital gains deductions that do not […]
February 10, 2016 • By ITEP Staff
“A Missouri EITC would boost local communities and economies while encouraging work, enhancing take-home pay, and improving long-term health and economic outcomes for more than 500,000 Missouri families. A Missouri EITC would give a much-needed break to Missourians struggling to get by on low wages. A state EITC would boost local communities and economies while […]
February 10, 2016 • By ITEP Staff
“Building a stronger Hawai‘i for businesses and residents means creating more opportunities for working families to climb the economic ladder. The Earned Income Tax Credit (EITC) is a proven tool for fostering economic prosperity.” Read full report
February 10, 2016 • By ITEP Staff
“Too many working families in West Virginia are paid low wages and have trouble making ends meet, with basic living expenses stretching family budgets beyond their limits. With tax overhaul a main topic in front of the legislature, a bottom-up tax cut like a state Earned Income Tax Credit that would help people who work […]
February 10, 2016
“Smolnisky was trying to provide some more context for lawmakers debating the plan, based on an inkling she got months ago about funding an increase in teacher pay using higher sales taxes. “I was sitting next to two teachers and one said, ‘I would like a higher salary, but I don’t want to pay more […]
February 10, 2016
“Whether or not the undocumented have earned their government benefits is also a point of contention. According to a study conducted by the nonpartisan Institute on Taxation and Economic Policy (ITEP), the undocumented paid $11.84 billion in state and federal taxes in 2012, Latin Post reports. “The fact is, undocumented immigrants already are paying billions […]
February 10, 2016
“The Institute on Taxation and Economic Policy did an analysis of Oklahoma’s tax system, showing an average low-income family spends about 10 percent of its budget on state and local taxes, compared with about 4 percent for high-income families. This is shifting more and more of the burden of funding government to those who can […]
February 8, 2016 • By ITEP Staff
“There is broad consensus in South Dakota that teacher salaries need to be competitive to attract and retain good teachers – but who is going to pay for it? Two options have been floated thus far to fund the increase. Some in-depth fiscal analysis and charting helps clarify the difference between these options.” Read full […]
February 8, 2016 • By ITEP Staff
“By generating new revenue to invest in the building blocks of our s.tate, good tax reform will make Kentucky stronger for all. This menu of tax reform options describes some of main ways to get there. Currently, too many tax breaks and loopholes in the state’s tax system drain money that is needed to shore […]
February 8, 2016
“The Idaho Center for Fiscal Policy’s analysis showed that Idaho’s wealthiest residents stand to gain the most. The policy center found that the top fifth of earners, with incomes above $99,000, would receive nearly three-fifths of the overall benefit. Idaho’s richest 1 percent — $444,000 and above — would receive an average break of $815. […]
February 8, 2016
“Most of those businesses “would have been happy to locate in your state anyway,” economists Alan Peters and Peter Fisher concluded in a broad 2004 study of state tax incentives to business. Instead of buying significantly improved job prospects for their taxpayers, these expenditures “simply produce an unending merry-go-round of tax cuts and subsidies whose […]
February 8, 2016
“A study by the non-partisan Institute on Taxation and Economic Policy found undocumented immigrants paid $11.84 billion in state and federal taxes in 2012. Researchers suggested tax contributions would increase with President Obama’s executive orders on immigrations, specifically program aimed at protecting students and their parents from deportation. They concluded by saying state and local […]
February 8, 2016
The Institute on Taxation and Economic Policy, a nonpartisan think tank, did a study that wrapped up in 2013 when it was presented to the National Council of State Legislatures. The short version: — Incentives are rarely the deciding factor — The money from the incentives won’t all stay in the state — Incentives […]
February 8, 2016
“Experts say that the implementation of these programs could be an economic boon to the country. According to a study by the Institute on Taxation and Economic Policy, Nevada could see a $3 million increase in tax revenue if Obama’s executive action gets out of the courts, and a $9 million increase if all undocumented […]
February 3, 2016
“The biggest benefits of Governor Brownback’s 2012 tax program went to the top 1 percent, while actually increasing taxes for the bottom 20 percent. Kansas now has the ninth most unfair tax system of any state in the country, according to the Institute on Taxation and Economic Policy. The poorest 20 percent of Kansans pay […]
February 3, 2016 • By ITEP Staff
The Institute on Taxation and Economic Policy (ITEP) calculates that the poorest 40 percent of Louisiana households paid 10 percent of their family income in state and local taxes last year. The richest 1 percent of households paid only 4.2 percent of their total income in state and local taxes. The main reason for […]
January 29, 2016
“According to the Institute on Taxation and Economic Policy Analysis of SEC Filings, ExxonMobil paid a low tax rate over the past five years, and received a tax rebate from New Jersey in 2014 in the amount of $507,000. This resulted in a -5.6 percent tax rate that year.” Read more
January 29, 2016 • By ITEP Staff
“Idaho households with incomes between $41,000 and $64,000 a year would see a $23 decrease in their tax liability, on average. The top 1% – those with incomes of $444,000 and above – would see an $815 tax cut, on average. The exact tax cut that a household in any range would receive depends upon […]
January 29, 2016
“An Idaho tax policy group says a proposed cut in the state’s top income tax rates and bump-up in the food tax credit to help lower-income earners overwhelmingly benefits Idaho’s wealthiest residents. The top fifth of earners in Idaho, with incomes above $99,000, would receive nearly three-fifths of the overall monetary benefit. Idaho’s richest one […]
January 26, 2016
“There were 44,687 immigrants in Maine in 2013, comprising 3.4% of the state’s population, according to the 2013 American Community Survey. Some 3.2% of business owners in Maine are foreign-born and generate total net business income of $120 million. Undocumented immigrants paid $3.7 million in Maine state and local taxes in 2010, according to the […]
January 26, 2016
“Lawmakers could seize the opportunity to elevate the discussion and tweak Washington’s tax system, which has been ranked by some as the most regressive in the nation. Because the state has no income tax and is heavily reliant upon sales tax, an inordinate percentage of the tax burden lands upon poor people, and the Institute […]