Idaho
How the House Tax Proposal Would Affect Idaho Residents’ Federal Taxes
November 6, 2017 • By ITEP Staff
The Tax Cuts and Jobs Act, which was introduced on November 2 in the House of Representatives, includes some provisions that raise taxes and some that cut taxes, so the net effect for any particular family’s federal tax bill depends on their situation. Some of the provisions that benefit the middle class — like lower tax rates, an increased standard deduction, and a $300 tax credit for each adult in a household — are designed to expire or become less generous over time. Some of the provisions that benefit the wealthy, such as the reduction and eventual repeal of the estate…
GOP-Trump Tax Framework Would Provide Richest One Percent in Idaho with 55.5 Percent of the State’s Tax Cuts
October 4, 2017 • By ITEP Staff
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Idaho equally. The richest one percent of Idaho residents would receive 55.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $457,600 next year. The framework would provide them an average tax cut of $52,540 in 2018, which would increase their income by an average of 3.7 percent.
In Idaho 40.0 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
August 17, 2017 • By ITEP Staff
A tiny fraction of the Idaho population (0.4 percent) earns more than $1 million annually. But this elite group would receive 40.0 percent of the tax cuts that go to Idaho residents under the tax proposals from the Trump administration. A much larger group, 46.0 percent of the state, earns less than $45,000, but would receive just 4.5 percent of the tax cuts.
Trump Tax Proposals Would Provide Richest One Percent in Idaho with 48 Percent of the State’s Tax Cuts
July 20, 2017 • By ITEP Staff
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Idaho would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,418,700 in 2018. They would receive 48 percent of the tax cuts that go to Idaho’s residents and would enjoy an average cut of $90,670 in 2018 alone.
Idaho Center for Fiscal Policy: House Bill 67
January 30, 2017 • By ITEP Staff
The Idaho Legislature is considering a proposal that would cut top income tax and corporate tax rates. The bill will also eliminate the income tax on the first $750 of taxable household income. This proposal would substantially reduce Idaho’s general fund revenue. Estimates of the impact range from $51 million to $56 million. A majority […]
Idaho Statesman: Idaho income taxes: What would Moyle tax cut bill do?
February 8, 2016 • By ITEP Staff
“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. […]
Idaho Center for Fiscal Policy: Analysis and Considerations Related to House Bill 380
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 […]
Idaho Statesman: Study: Idaho’s wealthiest gain most under tax cut proposal
January 29, 2016 • By ITEP Staff
“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 […]
Idaho Center for Fiscal Policy: A Summary of Four Proposals from the Legislature’s Tax Working Group
December 18, 2015 • By ITEP Staff
Idaho has a graduated personal income tax, with rates increasing with household income. This has a balancing effect on the sales and property taxes,which generally cost middle and lower-earning households a larger share of their income. When all state and local taxes are combined, Idaho’s tax distribution is relatively even across the income spectrum, […]
The Spokesman Review: For tax cutters, here’s another cold shower
December 15, 2015 • By ITEP Staff
“In terms of distributing the tax burden equally among rich and poor alike, the Institute on Taxation and Economic Policy ranks Idaho’s balanced system of sales, income and property taxes as fifth best in the country.” Read more
State Tax Notes: States Increase Gas Tax in Push for Transportation Funds
July 13, 2015 • By ITEP Staff
In the absence of a national gasoline tax increase, states have been raising their gas taxes to fund long-deferred road maintenance and transportation projects. “I think what’s happening now is a lot of states are having to play catch-up. They let their infrastructure deteriorate to a point where it’s an issue that can’t be ignored […]
TI News Daily: Some States Prefer Transportation Over Tax relief
July 8, 2015 • By ITEP Staff
To meet infrastructure needs, several states have had to increase other taxes, such as gasoline taxes. These states include Idaho, Iowa, Georgia, Nebraska, North Carolina, Kentucky, Utah and South Dakota. Four of these states are currently finalizing infrastructure funding increases or are still discussing infrastructure funding raises. “A lot of states realized they couldn’t put […]
Rapid News Network: Michigan Senate could see road fix funding package today
July 6, 2015 • By ITEP Staff
The Michigan Chamber of Commerce today applauded the Michigan Senate for their leadership in passing a comprehensive plan to fix Michigan’s roads. Gas taxes in six other states are to rise Wednesday, according to the Institute on Taxation and Economic Policy, as legislators in Vermont, Nebraska, Rhode Island, Maryland, Georgia and Idaho, raised gas taxes to make […]
Planetizen: State Gas Tax Changes Effective July 1: Six Up; One Down
July 6, 2015 • By ITEP Staff
Carl Davis, Research Director of the Institute on Tax and Economic Policy (ITEP) writes where gas taxes used to fund transportation infrastructure increased, if only by decimal points, and about the aberration—the six-cent plunge in California. “The largest gas tax increases are taking place in Idaho (7 cents per gallon) and Georgia (6.7 cents for […]
Convenience Store Decisions: Fuel Taxes Increase in Six States
July 1, 2015 • By ITEP Staff
Six states raise fuel levy to fund transportation projects to make up for federal deficits. According to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy (ITEP), in an effort to replace federal transportation funding, six states will be raising the tax on fuel purchases. This tax increase goes into effect […]
RTT News: Six States Brace for Higher Gas Tax Rates
July 1, 2015 • By ITEP Staff
Drivers in Idaho, Georgia, Maryland, Rhode Island, Nebraska and Vermont will be charged more at the pump starting July 1, according to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy. By far the biggest increases are in Idaho and Georgia, where gasoline taxes will jump almost 7 cents per gallon. […]
Market Watch: Gasoline Taxes Going Up
July 1, 2015 • By ITEP Staff
Two groups have put together a list of six states in which gasoline taxes will go up beginning Wednesday. Citizens for Tax Justice and the Institute on Taxation and Economic Policy say that drivers in Idaho, Georgia, Maryland, Rhode Island, Nebraska and Vermont will be charged more at the pump as a result of new […]
Equipment World: Gas Tax Increases for Transportation Funding Start Today in 6 States
July 1, 2015 • By ITEP Staff
The flurry of state gas tax legislation enacted earlier this year now goes into effect for a handful of states across the country, providing an increase in funding for much-needed transportation projects. “While some drivers may view this as an unwelcome development during the busy summer travel season,” said Carl Davis, research director for the […]
Roll Call: Gas Tax to Rise in Six States Next Month
June 30, 2015 • By ITEP Staff
“On Wednesday July 1, six states will raise their gasoline tax rates. While some drivers may view this as an unwelcome development during the busy summer travel season, the reality is that most of these ‘increases’ are simply playing catch-up with inflation after years (or even decades) without an update to the gas tax rate,” […]
Spokesman Review: Ready For 7 Cents More At Pumps?
June 30, 2015 • By ITEP Staff
Six states are scheduled to increase their gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and Institute on Taxation and Economic Policy (ITEP). The groups said Monday that drivers in Idaho, Maryland, Rhode Island, Nebraska and Vermont will be charged more at the pump beginning […]
Washington Post: Fill The Tank Today
June 30, 2015 • By ITEP Staff
The residents of six states will pay more at the pump starting July 1 as increased gas taxes go into effect. Motorists in Idaho, Georgia, Maryland, Rhode Island, Nebraska and Vermont will shell out more to refuel. Californians, on the other hand, will pay less. The analysis comes from Citizens for Tax Justice and the […]
Detroit Free Press: Senate Plan for Roads Includes 15-Cent Boost in Gas Tax
June 30, 2015 • By ITEP Staff
LANSING – A 15-cent increase in the tax on gasoline, phased in over three years, would be the centerpiece of a funding plan the state Senate is expected to consider this week as legislators scramble to find a way to repair Michigan’s crater-marked roads and bring relief to drivers. Gas taxes in six other states […]
The Hill: Six States Increasing Gas Taxes on July 1
June 29, 2015 • By ITEP Staff
Six states are scheduled to increase their gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and Institute on Taxation and Economic Policy groups. The groups said Monday that drivers in Idaho, Maryland, Rhode Island, Nebraska and Vermont will be charged more at the pump beginning […]
The Spokesman-Review: Last Idaho Gas Tax Hike? 1995
April 21, 2015 • By ITEP Staff
The Institute on Taxation and Economic Policy notes Idaho is one of 22 states that have gone more than a decade without raising its gas tax. Idaho, which last raised the tax in 1995, isn’t even in the top ten in length of time since raising the tax. Alaska has gone almost 50 years, and […]
Idaho Center for Fiscal Policy: A Complex End-of Session Proposal: Notes on House Bill 311
March 27, 2015 • 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.
