District of Columbia
DC Fiscal Policy Institute: Tell It Like It Is: Combined Reporting Improves DC’s Tax System By Making Corporations Disclose Their Profits and Pay Their Fair Share
January 14, 2013 • By ITEP Staff
Mayor Fenty and the DC Council recently approved an important reform to the District’s corporate income tax which will prevent large corporations from avoiding taxes. The law, known as “combined reporting,” is recognized by economists and tax experts as the most comprehensive way for states to stop corporations from abusing tax shelters. A majority of […]
DC Fiscal Policy Institute: The Middle Class Squeeze: DC’s Tax System Falls Most Heavily on Moderate-Income Families
January 14, 2013 • By ITEP Staff
Families in the District with incomes of $20,000 to $60,000 pay one-tenth of their incomes in DC property, sales, and income taxes, according to a new study by the Institute on Taxation & Economic Policy. This is much higher than the share of income the city’s richest families pay in DC taxes. The study found […]
Milwaukee Journal Sentinel Wisconsin’s tax burden gets lighter but not for all
January 8, 2013
(PDF of Original Post) By Dave Umhoefer of the Journal SentinelPosted: April 12, 2010 | At the end of last year, one Midwestern state emerged carrying its lightest total tax burden since the early 1960s. Only six states nationwide saw a bigger drop in the percentage of taxpayer income taken for government spending over an […]
Vermont Business Magazine: Bush tax cuts present budget-balancing option
January 8, 2013
(PDF of Original Post) Wed Feb 9 2011 Author:Paul Cillo The extension of the Bush tax cuts passed recently by Congress gives Governor Shumlin and the Legislature another option for balancing the state budget in fiscal 2012 and 2013. A new analysis shows that the top 5 percent of Vermont taxpayers will save $190 million […]
Lubbock Avalanche Journal: Letter: Tax analysis shows poor pay disproportionately
January 8, 2013
(PDF of Original Post) Posted: May 4, 2011 – 12:12am State and local legislators should read the 2009 report titled, “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States.” The report, by the Institute on Taxation and Economic Policy, a Washington, D.C., non-profit, non-partisan research group is the result of a […]
Northeast Pennsylvania Business Journal: Pennsylvania among ‘Terrible 10’ most regressive tax states
January 7, 2013
(PDF of the Original Post) STAFF REPORTPublished: November 19, 2009 Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy (ITEP). In 2007, middle-class earners paid nearly double the share of […]
Independent Record: Study says state taxes poor more
January 4, 2013
(PDF of Original Post) By CHARLES S. JOHNSON IR State Bureau | Posted: Friday, November 20, 2009 12:00 am Montana low-and middle-income families pay a larger share of their income in state and local taxes, on average, than do the state’s richest households, a new national study concludes. The Institute on Taxation and Economic Policy, […]
The Billings Gazette: Group criticizes Montana tax system as regressive
January 4, 2013
(PDF of Original Post) CHARLES S. JOHNSON Gazette State Bureau | Posted: Thursday, November 19, 2009 9:45 pm | HELENA — Montana low-and middle-income families pay a larger share of their income in state and local taxes, on average, than do the state’s richest households, a new national study concludes. The Institute on Taxation and […]
MinnPost.com: Minnesota taxes- Where do we go from here?
January 4, 2013
(PDF of Original Post) By Sharon Schmickle | Wednesday, May 12, 2010 Sure, you’ve heard it before: Gov. Tim Pawlenty vetoes yet another DFL bid to close the state’s budget chasm by raising income taxes on high earners. But the tax issue has many lives in this election year when the Independence Party’s gubernatorial endorsee, […]
Tri-Parish Times: Will Jindal go for more sin taxes?
January 4, 2013
(PDF of Original Post) By TOM ASWELL During the 1988 presidential race, Vice President George H.W. Bush proclaimed, “Read my lips: no new taxes!” That famous line helped him defeat Michael Dukakis but when he was forced to back-track on that promise, it was his eventual undoing. Bill Clinton’s own pithy campaign slogan “It’s the […]
Bradenton Herald: Fla. Tax system one of least fair
January 3, 2013
(PDF of Original Post) Posted on Fri, Nov. 20, 2009 State is second worst, survey says By JENNIFER RICH [email protected] If you are a Florida resident with low to moderate income, you are paying a disproportionate amount of state and local taxes. So says a nationwide study of state tax systems that shows Florida has […]
Change.org: D.C. Needs Fairer Taxes, Not More Safety Net Cuts
January 3, 2013
(PDF of Original Post) by Kathryn Baer November 18, 2010 12:56 PM (PT) Like state and local governments across the country, the District of Columbia is facing a budget shortfall. We’ve got a $175 million gap that’s got to be closed right now. And our total local budget (pdf) is only somewhat over $6.1 billion. […]
American Way of Life Magazine: The Home Front: Where the Recession Really Matters
January 3, 2013
(PDF of Original Post) If the recession ended a year ago, why does it feel like our economy is still in shambles? Turn on any news station and you will be bombarded with people and institutions to blame. It’s the Obama administration’s fault. It’s the Republicans’ fault. It’s Wall Street’s fault. It’s the banks’ fault. […]
The Birmingham News: Our View: The nation’s lowest-tax state reaps the nation’s highest amount from its poorest taxpayers
December 21, 2012
(PDF of Original Post) Alabama stands atop two national rankings. Auburn fans should be upset. But so should fans of the Crimson Tide. Obviously, we’re not talking BCS and AP pre-season college football rankings. Instead, we’re talking about two seemingly contradictory rankings of the state’s tax system that expose just how screwy it is. Alabamians […]
Birmingham News: OUR VIEW: It’s awful that Birmingham is tied for the highest sales tax rate in the nation among cities with more than 200,000 people
December 21, 2012
(PDF of Original Post) Published: Wednesday, May 25, 2011, 5:45 AM By Birmingham News editorial board If it’s possible to be No. 1 with a bullet, Birmingham is. It sits tied with Montgomery atop the charts. But it’s nothing you’d want to dance to. Birmingham and Montgomery have the highest general sales tax rate in […]
Market Watch: 280 Most Profitable U.S. Corporations Shelter Half Their Profits from Taxes; Thirty Companies Paid Less Than Zero in Taxes in the Last Three Years
December 21, 2012
(Original Post) WASHINGTON, Nov. 3, 2011 /PRNewswire via COMTEX/ — Citizens for Tax Justice and the Institute on Taxation and Economic Policy Release “Corporate Taxpayers and Corporate Tax Dodgers, 2008-2010” A comprehensive new study that profiles 280 of America’s most profitable companies finds that 78 of them paid no federal income tax in at least […]
Washington Post: Study: Big corporations use loopholes, dodge taxes
December 19, 2012
(Original Post) By Jia Lynn Yang, Thursday, November 3, 12:00 AM Many of this country’s biggest companies paid no federal taxes — or even made money through credits and refunds from the government — over the past three years by using an array of loopholes and tax breaks, according to a report released Thursday. The […]
Economist: Focus: US corporate tax
December 19, 2012
(Original Post) Nov 4th 2011, 16:06 by The Economist Online The statutory federal income tax rate for big American companies is 35%. But a study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy, two Washington, DC-based think-tanks, has assessed the tax records of 280 companies from the Fortune 500 […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
Washington Post: Some companies paid little or no state tax
December 19, 2012
(Original Post) By Danielle Douglas, Published: December 11 Some of the Washington area’s biggest public companies paid little to no state income taxes by using a myriad of tax breaks and other tactics, according to a research report released last week. Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 265 […]
Cincinnati Enquirer: Will lower income tax bring jobs to Ohio?
December 17, 2012
(Original Post) Kasich thinks so, but our taxes aren’t really so high8:02 AM, Mar. 22, 2012 Written by Paul E. Kostyu COLUMBUS — Lower Ohio’s burdensome personal income taxes. Create jobs. That’s what Gov. John Kasich proposed last week in an expansive plan to reform government and improve the state’s economy. Kasich said Ohio’s income […]
South Maryland News: O’Malley reflects on gas tax, transportation funding
December 17, 2012
Friday, May. 11, 2012 by Danielle E. Gaines, Staff Writer The following story was updated at 2:50 p.m. May 11. Gov. Martin O’Malley reiterated the need for increased transportation funding in the state this week, while acknowledging that his gas tax proposal was a long shot politically. “There is no revenue proposal more unpopular in […]
Newsroom New Jersey: GOP’s Bush tax cuts will not help New Jerseyans in need
December 17, 2012
Wednesday, 20 June 2012 11:20 Bottom 60 percent of earners would see higher tax bills, while richest 1 percent would get tax break of $71,960 a year Middle-income and low-income New Jerseyans would pay more in taxes under the Congressional Republicans’ plan to extend the Bush tax cuts than they would under President Obama’s plan, […]
The Oklahoman: Citizens for Tax Justice working for fair and sustainable tax system
December 17, 2012
(Original Post) “Class warfare creeps into tax cut extension debate” (Our Views, June 26) mischaracterized Citizens for Tax Justice’s views in criticizing our report about the expiring tax cuts. The CTJ report is based on numbers from the Institute on Taxation and Economic Policy’s micro-simulation model that estimates the effect of tax policy changes on […]
Business Insider: Every State’s State/Local Tax System Taxes the Poor More than the Wealthy–And All Exceed Federal Taxes
December 17, 2012
(Original Post) Sep. 24, 2012, 8:11 AM by Kenneth Thomas Every State’s State/Local Tax System Taxes the Poor More than the Wealthy–And All Exceed Federal Taxes A new report from the Institute on Taxation and Economic Policy (ITEP) shows that in every state in the country, the bottom 20% of households pay more of their […]
