Institute on Taxation and Economic Policy (ITEP)

Citations

6,242 posts

USA Today: Lawmakers, Farmers Urge Repeal of Estate Tax

March 30, 2015

Matthew Gardner, executive director with the Institute on Taxation and Economic Policy, said there are special tax breaks in place to make sure that most small family-owned farms and businesses will be exempt from the estate tax. For the few that do have to pay, he said there are rules allowing those taxes to be […]

KPLU: If Only We Had Idaho’s Tax

March 27, 2015

If you’re poor and you live in Washington state, you wind up forking over almost 17 percent of your income in state and local taxes. That’s according to a recent report from the Institute on Taxation and Economic Policy. But if you live in, say, Boise or Coeur d’Alene, Idaho, state and local taxes only […]

Idaho Center for Fiscal Policy: A Complex End-of Session Proposal: Notes on House Bill 311

• By ITEP Staff

A new proposal in the Idaho Legislature would dramatically shift the way taxes are collected and generate a new revenue source for roads and bridges. The proposal has several components which in combination mean that taxpayers across the bottom 80% of the income distribution will pay more, on average.

Vermont Business: Vermont Has the Capacity to Avoid 2016 Budget Cuts

March 26, 2015

“Total personal income” is a broad measure of income used by the Institute on Taxation and Economic Policy (ITEP). It is based on filers under age 65 and includes adjusted gross income, which is the starting point used by most states to determine taxable income, as well as income typically not subject to tax, such […]

Arizona Daily Sun: Arizona Tax Burden Heavy for the Poor

March 26, 2015

Even more detailed figures from the Institute on Taxation and Economic Policy bear that out. It finds those in the top 1 percent of Arizona earners — those making more than $402,000 a year — are paying just 1 percent of what they make in sales taxes. Read more

Tucson Weekly: It’s True. Arizona Taxes Screw the Poor

March 26, 2015

In general, WalletHub is a font of half-baked statistics (I mean, it declared Tucson the fifth best city in “Efficient Spending on Education” because we spend so little on schools). But in this case, they got it right, and the Institute on Taxation and Economic Policy, which Fischer also cited, got it even more right in […]

The Citizen: New York Taxes Tough for Rich and Poor Residents

March 26, 2015

WalletHub used data from the Institute on Taxation and Economic Policy 2015 report to calculate the tax burdens — which included sales, property and income tax.  Read more  

Kentucky Center for Economic Policy: Inaction on Gas Tax Will Drop Rate to Historically Low Levels

• By ITEP Staff

Good roads are critical to public safety and to Kentucky’s economy, especially in a state so dependent on manufacturing and distribution industries. Funding from the gas tax and other sources also supports over 40,000 jobs. It’s important that the General Assembly recognize the need for a sustainable revenue stream to keep Kentucky’s infrastructure safe and […]

Orlando Business Journal: Florida One of the Most Tax-Friendly States to Earn High Incomes

March 25, 2015

The study used data from the Washington, D.C.-based Institute on Taxation & Economic Policy’s 2015 report to generate estimates of the state-specific tax burdens at three income levels $25,000 (low income), $50,000 (medium) and $150,000 (high) to rank the states. Read more

The Times Daily: Alabama Tax Rankings in the Middle of the Pack for Low and Moderate Incomes

March 25, 2015

The Wallethub study, using data from the Institute on Taxation and Economic Policy’s 2015 report, identified the best states in which to be taxed according to income group. The study looked at three levels–low ($25,000); medium ($50,000) and high ($150,000). Read more

The Bergen Record: Why NJ Ends up on Those ‘Worst Place” Lists

March 25, 2015

On the other hand, that’s just a little higher than the 10 percent paid by low earners in the state – making New Jersey one of the most fair states in terms of how the tax burden is shared by low and high earners, according to the Institute on Taxation and Economic Policy, which supplied […]

Chatanooga Free Press: Tennessee Ranked as Top State for High-Income Earners

March 25, 2015

According to the Institute on Taxation and Economic Policy’s latest report, many taxes, such as payroll, sales, and some state and local taxes, are regressive. That means that they take more money from lower and middle income brackets than from wealthier families, WalletHub reported. Read more

KPLU: Washington Voters Once Passed an Income Tax by a Wider Margin Than Vote for Legal Booze

March 25, 2015

The Institute on Taxation and Economic Policy, a Washington, D.C.-based think tank, says Washington’s tax system is the most regressive in the nation. That’s because with our state’s heavy reliance on sales tax and lack of an income tax, the poorest 20 percent of residents pay 16.8 percent of their income in state and local […]

The Seattle Observer: Seattle Economy Soars Alongside Effort to Combat Worsening Inequality

March 25, 2015

Washington’s tax system, ranked as the most regressive in the country by the Institute on Taxation and Economic Policy, is not helping. The lowest-earning families in the state “pay about 17% of their income in taxes. And our top 10 percent pay about 2.7% of their income”, said Pramila Jayapal, a Democratic state senator. All […]

Public News Service: North Carolina Taxpayers Report Leaner Returns in 2015

March 25, 2015

“The key thing about a tax system is it absolutely has to be adequate to meet the core public service commitments that we need to be making as a state,” says Sirota. “But the way in which we raise revenue is really critical.” Sirota says taxpayers making less than $67,000 a year – about 80 […]

Illinois Times: Angry Crowd Protests Rauner’s Budget

March 25, 2015

Herzenberg pointed out that Illinois was ranked fifth on the Institute on Taxation and Economic Policy’s (ITEP) ‘Terrible Ten’ list of states with the most regressive tax systems. He said Illinois’ tax system is regressive because high-income earners spend a smaller percentage of their income on sales and consumption taxes than low-income and middle-income earners, […]

The Washington Times: What’s Not in Your Wallet?

March 25, 2015

To identify the best states to be taxed in, according to a taxpayer’s income group, WalletHub generated estimates of the state-specific tax burden on residents at three income levels — low ($25,000), medium ($50,000) and high ($150,000) — in each of the states, plus the District. Data was taken from the Institute on Taxation & […]

Mississippi Economic Policy Center: All Roads Lead to Nowhere

• By ITEP Staff

Big tax cuts that largely benefit corporations and wealthy Mississippians are unaffordable and will erode our ability to support schools, universities, roads and bridges and public safety. Big tax cuts will undermine our future by making it harder for the state to invest in the things that make Mississippi’s working families more productive like a […]

Public Assets Institute: Vermont Has the Capacity to Avoid 2016 Budget Cuts

• By ITEP Staff

Vermont’s income tax is among the lowest in the country: 2.7 percent of the state’s total personal income. Eliminating tax breaks and lowering income tax rates would balance the fiscal 2016 budget without cuts and still leave Vermont’s effective income tax rate lower than those of 24 other states. Read the full report here.

Connecticut Voices for Children: Funding Our Future: Child and Family Friendly Revenue Options

• By ITEP Staff

An analysis by the Institute of Taxation and Economic Policy (ITEP) of Washington, D.C. found that adjusting top rates to the levels in the table below would impact only two percent of state taxpayers, generate $300 million in state revenue, enable taxpayers with increased state taxes to deduct $114 million from federal tax returns, leaving […]

The Economic Progress Institute: Making Work Pay for Working Families: Increasing the State’s Earned Income Tax Credit

• By ITEP Staff

Workers who receive the EITC pay federal payroll taxes, sales and property taxes, and more. In fact, Rhode Island has the 5th highest taxes on low-income households in the nation. The lowest-income taxpayers pay nearly twice as much of their income towards taxes as the wealthiest Rhode Islanders.

Florida Sun Sentinel: Florida’s gas, cell phone taxes among the highest in the nation

March 17, 2015

Another recent study found that Florida’s taxes hit the poor the most, largely through the sales tax. Those at the bottom fifth in income in Florida pay 13 percent of their income in state and local taxes, while the state’s top 1 percent pay only 2 percent, said the Institute on Taxation and Economic Policy, […]

Public Assets Institute: How to Close the Budget Gap–Fiscal 2016 and Beyond

• By ITEP Staff

“Vermont is one of six states in the country that uses federal taxable income rather than adjusted gross income as the base for the state income tax. Because this base is lower, the state must set its top marginal rate higher than necessary to raise the needed revenues. Additionally, tax breaks that primarily benefit upper-income […]

Open Sky Policy Institute: Frequently asked questions about LB 280′s impact on taxpayers

• By ITEP Staff

“All Nebraskans would experience lower property taxes under this proposal, and many residents would pay less in taxes overall. LB 280 makes our tax code more progressive, ensuring that low- and middle-income Nebraskans pay less in overall taxes than our highest-income individuals. While the effects will vary depending on each taxpayer’s income, property value, and […]

Washington Post: The Tax Hikes States Are Agreeing On

March 16, 2015

Under a compromise plan, the state’s gas tax would rise 5 cents in January and subsequently be increased automatically as gas prices rise, The Salt Lake Tribune reported. But Utah is far from alone. If that compromise is signed into law by Gov. Gary Herbert, Utah will become the 10th state to raise its gas tax in just two […]