
January 26, 2015
Historically, gas taxes have been too low in the United States — certainly not high enough to sufficiently fund our infrastructure and transportation needs. That’s why many economists and nonpartisan think tanks, including the Institute of Taxation and Economic Policy, which tracks tax policies nationwide, support higher gas taxes to pay for road projects. Gas […]
January 26, 2015
They say nothing in this life is as certain as death and taxes, and for some taxes mean death to a living wage. A recent study by The Institute of Taxation and Economic Policy says the lowest 40-percent of workers pay 10-percent of their income toward taxes, and the top 20-percent pay between 6.9 and […]
January 26, 2015
ITEP Executive Director Matt Gardner appeared on C-SPAN’s Washington Journal on Jan. 24 to discuss President Obama’s tax proposal. Check out the video.
January 26, 2015
Meg Wiehe, ITEP state policy director, appeared on Weekends with Alex Witt, to talk about declining lotto sales. Check out the video.
January 24, 2015 • By ITEP Staff
Tax cut proponents in North Carolina are pushing another plan that would benefit the wealthy at the expense of everyone else, turning their sights to eliminating the state income tax on the sale of artwork, vacation homes and other high-end capital gains that only a few North Carolinians profit from. Contrary to supporters’ claims, this […]
January 24, 2015
In Massachusetts, lower-income people actually pay more of their money in taxes. If you are a middle-class family in Massachusetts, more than 9 percent of your income goes to state and local taxes, according to the Institute for Taxation and Economic Policy. If you’re among the very wealthiest, it’s more like 5 percent. Read more
January 24, 2015
The problem is that this shifts the tax burden from the top to the bottom. In other words, it’s upward redistribution of wealth that harms the least well-off. And while the vast majority of states have tax systems that hit low-income Americans the hardest, these effects are worst in conservative states, where the highest tax […]
January 24, 2015
The rich are certainly entitled to their own opinions — but, as the old saying goes, nobody is entitled to their own facts. With that in mind, here’s a set of tax facts that’s worth considering: Middle- and low-income Americans are facing far higher state and local tax rates than the wealthy. In all, a […]
January 24, 2015
State and local taxes are similarly regressive. According to the Institute on Taxation and Economic Policy, a non-partisan research organization, average state and local taxes as a percentage of income in 2015 are 10.9 percent for the poorest fifth of Americans, 9.4 percent for the middle fifth and 5.4 percent for the wealthiest 1 percent. […]
January 24, 2015
According to the Institute on Taxation and Economic Policy, Washington state has the most regressive tax structure in the nation. Inslee said the capital gains tax would help make the tax structure more progressive. Read more
January 24, 2015
Other groups, like the Institute on Taxation and Economic Policy — whose advocacy arm the Center for Tax Justice has criticized the methodology of the Tax Foundation’s tax system rankings — provide a different perspective on tax system rankings. ITEP’s 2015 “Inequality Index” looks only at how the tax system affects people making different incomes, […]
January 24, 2015
A new study released last week by the Institute on Taxation and Economic Policy (ITEP) and the Kentucky Center for Economic Policy (KCEP) finds that low-income Kentuckians pay 49 percent more in state and local taxes as a share of their incomes than the state’s wealthiest one percent pay. The rate for moderate-income and middle […]
January 24, 2015
We can envision this future by looking at neighboring New Hampshire, which has neither general sales nor income tax, but relies heavily on the regressive property tax. There, according to the Institute on Taxation and Economic Policy, the poorest fifth pay 8.3 percent of their incomes in state and local taxes, while the wealthiest fifth […]
January 21, 2015 • By ITEP Staff
Who really pays a greater share of their income in taxes in Colorado? The rich or the poor? We answered this question by using the latest data from the Institute on Taxation and Economic Policy. The New York Times featured ITEP’s latest data in a national story today as well. Read the full report
January 21, 2015 • By ITEP Staff
As part of his campaign platform and “Jobs and Growth Agenda,” Governor Rauner has identified the need to “overhaul the tax code so that it’s fair to all taxpayers.” We couldn’t agree more. Considering all major state and local taxes Illinoisans pay, those who earn the least — less than $19,000 a year — pay […]
January 21, 2015 • By ITEP Staff
A new study released today by the Institute on Taxation and Economic Policy (ITEP) and the West Virginia Center on Budget and Policy finds that the low- and middle-income West Virginians pay more in state and local taxes as a percent of their income compared to the state’s wealthiest residents. Read the full report
January 21, 2015 • By ITEP Staff
Wisconsin’s state and local tax system is tilted in favor of those with the highest incomes, according to a new report released today. Wisconsin taxpayers with low and middle incomes typically pay much higher rates of state and local taxes compared to taxpayers with the highest incomes. Some Wisconsin policymakers are advocating for changes that […]
January 21, 2015 • By ITEP Staff
While most Washingtonians agree that everyone has a responsibility to help pay for schools, safe communities, health care, and other broadly shared investments that create jobs and grow the economy, the state continues to have the most upside down state and local tax system of any U.S. state, according to a new report, “Who Pays?”, […]
January 21, 2015 • By ITEP Staff
Vermont taxes are higher, as a percentage of income, on the poor and those in the middle than they are on the 1 percent at the top, according to the new study Who Pays? released Wednesday by the Institute on Taxation and Economic Policy (ITEP). Vermont is not alone; the wealthiest pay less than everyone […]
January 21, 2015 • By ITEP Staff
The lowest income Virginians pay 74 percent more in taxes as a percent of their income compared to the state’s wealthiest residents, according to a new study released today by the Institute on Taxation and Economic Policy (ITEP). The study, Who Pays?, analyzes tax systems in all 50 states and factors in all major state […]
January 21, 2015 • By ITEP Staff
Pennsylvania’s ranking worsened on a biennial report card measuring the fairness of state and local taxes, according to a study released today by the Institute on Taxation and Economic Policy and the Pennsylvania Budget and Policy Center. Middle-income Pennsylvanians pay two times more in taxes as a share of income than the wealthiest earners, and […]
January 21, 2015 • By ITEP Staff
A new study released today by the Institute on Taxation and Economic Policy (ITEP) and Oklahoma Policy Institute finds that low and middle-income Oklahomans pay over two times more in taxes as a percentage of their income compared to the state’s wealthiest residents. The study, “Who Pays?”, analyzes tax systems in all 50 states and […]
January 21, 2015 • By ITEP Staff
Low- and middle-income Ohioans pay a much greater share of their income in state and local taxes than the state’s most affluent do, according to a study released today. The top 1 percent of non-elderly Ohio families by income, who earned at least $356,000 in 2012, on average pay 7 percent of their income in […]
January 21, 2015 • By ITEP Staff
Every state tax system in the country makes income inequality worse, but Oregon’s tax system does so less than most, according to a report released today by the Washington, D.C.-based Institute on Taxation and Economic Policy (ITEP). Read the full report
January 21, 2015 • By ITEP Staff
It’s widely agreed that the poorest among us should not pay the highest tax rate, but in New Mexico (as in most states) they do. State and local taxes—particularly sales and property taxes (shown in the light blue and orange bars in the graphic below)—take up a higher percentage of incomes at the lowest end […]