
December 16, 2014
Some lotteries have limits on the amount of money they spend on advertising their games as a way of discouraging compulsive gambling. Lawmakers in North Carolina, though, recently tried and failed to double the amount of money the state could spend on marketing its game, said Meg Wiehe of the Institution on Taxation and Economic […]
December 15, 2014
Carl Davis, senior analyst at the Institute on Taxation and Economic Policy told The Huffington Post that legalizing marijuana would bring a positive effect for the U.S. in terms of revenue. Read more
December 15, 2014
The flat in Illinois tax seems fair, but when grouped with all the other taxes people pay it is out of balance. According to the Institute on Taxation and Economic Policy, Illinois’ tax system (all taxes) is regressive toward low and middle income families with the third highest tax burden of all states. Read more […]
December 15, 2014
“If there was not that exception, every time Apple paid royalties to its Bermuda subsidiary or Cayman Island subsidiary for using the Apple logo, and every time the Irish subsidiary paid those same royalties for using the Apple logo, it would immediately be taxable in the US,” says Rebecca Wilkins, the senior tax counsel at the Institute on Taxation […]
December 12, 2014
According to a study by the nonpartisan Institute on Taxation and Economic Policy, nearly two-thirds of this tax cut would flow to the wealthiest 5 percent of the state’s taxpayers. Taxpayers over age 65 who earn less than $59,000 a year in total income already are exempt from the tax. The vast majority of Tennesseans […]
December 12, 2014
The Bryant proposal isn’t perfect. A refundable credit would be better. As the folks at the Institute on Taxation and Economic Policy have noted, Bryant’s plan would provide relief to about 9 percent of low-income taxpayers. But a refundable credit would reach 45%. Moreover, the credit would kick in only if state tax revenues increase […]
• By ITEP Staff
The 2015 state budget, passed by the NC General Assembly and signed by Governor McCrory, undermines North Carolina’s competitive position in the 21st century global economy. Lawmakers failed to provide a high-quality education for all children, protect natural resources, support community-based economic development, or provide adequate health and human services to North Carolina residents. By […]
• By ITEP Staff
The 2015 state budget, passed by the NC General Assembly and signed by Governor McCrory, undermines North Carolina’s competitive position in the 21st century global economy. Lawmakers failed to provide a high-quality education for all children, protect natural resources, support community-based economic development, or provide adequate health and human services to North Carolina residents. By […]
December 9, 2014
“There’s kind of been a switch that’s been flipped,” says Carl Davis, a senior analyst with the nonprofit Institute on Taxation and Economic Policy Davis says gas tax increases are now on the table in states across the country, from New Jersey to Utah to South Carolina to South Dakota. Democratic governors in Delaware, Vermont […]
December 8, 2014
Not only have immigrants workers filled the void on low wage, low skill jobs that Americans in other demographics have not pursued, they have done so with a sterling work ethic and a performance that has given them upward mobility in the workplace. That’s reflected in a 2013 Institute on Taxation and Economic Policy study […]
December 8, 2014
The price of gas is dropping, so get ready for holiday visitors as more people hit the road and take advantage of the lower prices. But when prices decrease, does that mean gas taxes decrease, too? It depends. Some states impose a flat excise tax on gas, while others use calculations based on considerations like […]
December 8, 2014
Actually, reports by pro-immigration groups tend to undermine Biden’s claims, by noting that people in the country illegally already pay significant taxes. A study by the Institute on Taxation and Economic Policy (ITEP) reported that in 2010, undocumented immigrants paid $10.2 billion in state and local taxes. About 77 percent of that total came from […]
• By ITEP Staff
A new CBP report discusses the benefits of establishing a California Earned Income Tax Credit (EITC) and the key policy considerations in creating this state credit. Read the full report.
• By ITEP Staff
A thriving state economy – one that delivers broadly shared prosperity to workers, families and businesses – depends on key public investments in schools and colleges, subways and highways, public safety and more. We pay for these essential investments with our tax dollars. A series of tax cuts dating from the late 1990s and early […]
December 3, 2014
Carl Davis, a senior analyst at the Institute on Taxation and Economic Policy in Washington, D.C., said Michigan is one of only four states, with Indiana, Illinois and Hawaii, that fully apply their general sales tax to fuel sales. Of the 41.4 cents in state taxes Michigan motorists pay on a gallon of fuel, only […]
December 3, 2014
“The state’s flat gas tax of 19 cents per gallon is at an all-time low, when adjusted for inflation, according to the Institute on Taxation and Economic Policy. The tax hasn’t been raised since 1997. Increasing the excise tax on gas and diesel fuel and placing it on the wholesale cost of fuel will generate […]
December 3, 2014
Meanwhile, the federal gas tax is less and less able to cover the cost of all this. According to the Institute on Taxation and Economic Policy, the gas tax has lost “28 percent of its value since 1997” as costs of highway construction and repair have grown, and as vehicle fuel efficiency has increased. Read more
December 2, 2014
Según una investigación del Institute on Taxation and Economic Policy, los trabajadores indocumentados aportan al año cerca de $11 mil millones en impuestos a las ciudades y estados donde viven, y tras la acción ejecutiva este monto puede aumentar en un 20%. Leer mas:
December 2, 2014
The left-leaning Institute on Taxation and Economic Policy in 2013 released a report showing a $2 billion gain in state revenue from immigration reform — even after tax credits were taken into consideration. Matt Gardner, ITEP executive director, said the new program’s effects won’t be quite as big, but it will still be a net […]
• By ITEP Staff
Improving the state’s roads is critical to economic growth in Michigan. Not only do people depend on the roads and public transportation to get to work, but businesses—and potential businesses—rely on safe roads to transport goods. It is imperative, however, to ensure that people can still afford to get to work if taxes are increased. […]
November 24, 2014
Why bring it up now? Because right now Michigan leaders are considering another tax increase that will have a disproportionate impact on the state’s working poor. Before we dive into that, here is some context to consider: According to an analysis from the Institute on Taxation & Economic Policy, low-income earners in Michigan already face […]
November 24, 2014
“If illegal immigrants in Illinois are legalized, they would pay $711.6 million in state and local taxes, according to the Institute on Taxation and Economic Policy.”
November 24, 2014
Both Arizona’s Department of Revenue and the Joint Legislative Budget Committee said they have not estimated the tax and revenue impact of Obama’s executive action. However, the Institute on Taxation and Economic Policy, a Washington-based think tank, estimated last year that undocumented immigrants currently pay about $10.6 billion a year in state and local taxes […]
November 24, 2014
Myth # 1: They don’t pay taxes Undocumented immigrants are already U.S. taxpayers. Collectively, they paid an estimated $10.6 billion to state and local taxes in 2010, according to the Institute on Taxation and Economic Policy (ITEP), a research organization that works on tax policy issues. Contributions varied by state. In Montana they contributed $2 […]
November 24, 2014
With the work permits promised in Obama’s orders, those workers could add an estimated $43 million in tax revenues because their wages would increase and more of them would file income tax returns, according to the Institute on Taxation and Economic Policy. Those workers already pay more than $152 million in state and local […]