
January 30, 2013
(Original Post) Posted by Jeff Woods on Wed, Jan 30, 2013 at 12:54 PM Tennessee might rank near the bottom nationally in education spending, per capita income and nearly every other quality-of-life category ever devised. But we remain near the top in one measure. Our tax system is really great at sticking it to the […]
January 30, 2013
(Original Post) Jan 30, 2013, 1:27pm EST Staff Philadelphia Business Journal Pennsylvania is among the 10 states with the most regressive tax systems in the United States, the Institute on Taxation and Economic Policy says. The group says families in the state earning less than $19,000 a year pay a higher percentage of their incomes, […]
January 30, 2013
POSTED: Wednesday, January 30, 2013, 10:39 AM Follow on Twitter @DanielDenvir Pennsylvania is one of the “Terrible Ten” states with the most regressive tax structures nationwide, hitting the poor hardest while taking the least from the rich, according to a new report from the liberal Pennsylvania Budget and Policy Center (PBPC) and the Institute on […]
January 30, 2013
(Original Post) By Bernie Becker – 01/30/13 07:02 AM ET Practically every state charges a higher share of taxes from lower- and middle-class families than the highest earners, a new study from a liberal-leaning group found. The Institute on Taxation and Economic Policy found that the bottom 20 percent of earners paid an effective tax […]
January 15, 2013
Tax policy is by its nature a contentious subject. In the end, individuals pay different proportions of their incomes in taxes to fund public services and a completely different matrix of individuals used those services. Given this dichotomy, establishing a definition of what constitutes the most fair way to levy taxes that is acceptable to […]
January 15, 2013
The Illinois State Budget is the state’s fundamental policy document. It defines what programs and services will receive financial support from the state. In a standard, non-overtime legislative year, Illinois adopts its budget on a fiscal year basis, beginning on July 1 of each calendar year and ending on June 31 of the next succeeding […]
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 […]
January 8, 2013
(PDF of Original Post) November 30, 2009N.E. Editorial Roundup The Associated Press Rutland Herald, Rutland, Vt., Wednesday, Nov. 25, 2009: The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators […]
January 8, 2013
(PDF of Original Post) The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators acknowledged that state government faces an $88 million deficit in the coming budget cycle, even without […]
January 8, 2013
(PDF of Original Post) 07:44 AM CST on Thursday, November 19, 2009 By ROBERT T. GARRETT / The Dallas Morning [email protected] AUSTIN – Texas’ low-income residents bear heavier tax burdens than their counterparts in all but four other states, a new study shows. The bottom fifth of Texas earners pay just over 12 percent of […]
January 8, 2013
(PDF of Original Post) By Richard Locker Originally published 11:28 a.m., November 18, 2009Updated 12:07 a.m., November 19, 2009 NASHVILLE — The Tennessee tax system is the fourth most regressive among the states, with lower-income families paying a higher portion of their income in state and local taxes than do more affluent households, according to […]
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 […]
January 4, 2013
(PDF of Original Post) Written by Dee Holzel Thursday, November 19 2009 06:06 WINNEMUCCA — The problems with Nevada’s tax structure was best described during the last legislative session as such: we’re playing kick the can with tax policy – kicking the daunting task of restructuring the tax system to the next session. And that […]
January 4, 2013
(PDF of Original Post) Posted: Friday, October 1, 2010 12:00 am Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income By Rebecca S. Rivas of The St. Louis American St. Louis American | 0 comments For Missourians who make $17,000 or less, about six percent of their income […]
January 4, 2013
(PDF of Original Post) November 18, 2010 08:00 AM An issue likely to be debated in the 2011 Missouri Legislative Session is the proposal to replace state income tax—both individual and corporate—with a greatly expanded sales tax. Proponents of the legislation refer to it as the “fair tax,” but Missourians should think twice because it […]
January 4, 2013
(PDF of Original Post) by Amy Blouin Date: Friday, December 3, 2010, 5:00am CST If there’s an issue “most likely to be debated” in the 2011 Missouri legislative session, it’s a proposal to replace state income taxes – both individual and corporate — with a greatly expanded sales tax. Proponents refer to it as the […]
January 4, 2013
(PDF of Original Post) Elizabeth Marsh Cupino Originally published December 10, 2009 Set up a roadblock. Put out an APB. Maryland’s comptroller has reported that the number of millionaires in the state dropped by 30 percent in 2008 and that some wealthy residents might be trying to make a break for it. We can’t have […]
January 4, 2013
(PDF of Original Post) The Register’s editorial The political debate over taxes these days ranges from “We will not raise taxes” to “We will cut taxes.” There is little interest, it seems, in raising taxes, but there should at least be interest in the idea that taxes ought to be fair. By fair, that means […]
January 4, 2013
(PDF of Original Post) 1:45 AM, Oct. 30, 2010 | Written byJASON CLAYWORTH Here’s what other groups are saying about state tax cuts. IOWA CHILD & FAMILY POLICY CENTER: It questions the premise of proposing state tax cuts, saying state government cannot further reduce revenues without harming vital services, such as K-12 education and children’s […]
January 4, 2013
(PDF of Original Post) September 5, 2009 Commentary Last week, when Comptroller Dan Hynes kicked off his campaign for governor, he took a shot at Gov. Quinn, painting him as the guy who wants to burden everyone with an income tax increase. In contrast, Hynes said, he proposes a more “progressive” income tax increase, one […]
January 4, 2013
(PDF of Original Post) Institute on Taxation and Economic Policy: Use Quinn’s plan, then adopt Hynes’ By BJ LUTZ Updated 8:50 PM CST, Mon, Oct 19, 2009 Forget the he said / he said. A research group in the nation’s capital says the best tax policy would be a combination of Democratic Gov. Pat Quinn […]
January 4, 2013
(PDF of Original Post) October 19, 2009 UPDATED by Rick Pearson at 7:02 p.m.; first posted at 4:25 p.m. As the two major Democratic candidates for governor bash each other over competing proposals to raise the state’s income tax, a Washington-based research group has proposed its own method of tax fairness– combining the plans offered […]
January 4, 2013
(PDF of Original Post) Both proposals are ‘complementary,’ says Institute on Taxation and Economic Policy By Rick Pearson and Monique GarciaTribune reporters October 20, 2009 Gov. Pat Quinn and Comptroller Dan Hynes have fought for weeks over whose income-tax hike proposal is fairer, but a Washington-based research group said Monday the best answer may be […]
January 4, 2013
(PDF of Original Post) Posted Nov 24, 2009 @ 12:05 AM Well, it’s officially turkey time. No, not the family-, friend- and food-oriented holiday we call Thanksgiving. Think more the frenetic, fatuous and occasionally flagitious biannual event called “campaign” season. You already can’t turn on a TV or radio without being subjected to negative political […]
January 4, 2013
(PDF of Original Post) The two-point (or more) tax increase making its way through the state legislature has one thing to recommend it. Right now, the super-rich in Illinois — Oprah Winfrey, the Ty Beanie Baby guy, anyone named Pritzker — pay a lower proportion of their income than in any state that levies taxes. […]