
January 14, 2015
“When it comes to the taxes closest to home, the less you earn, the harder you’re hit. That is the conclusion of an analysis by the Institute on Taxation and Economic Policy that evaluates the local tax burden in every state, from Washington, labeled the most regressive, to Delaware, ranked as the fairest of them […]
January 12, 2015
And at a time when concerns about inequality have heightened criticism of government policies that favor the wealthiest sliver of society, these tax breaks have come under sharper scrutiny. “I think these types of deals do not follow the intent, even if they follow the letter, of the law,” said Rebecca Wilkins, senior counsel on […]
January 12, 2015
Further, due to reliance on a relatively high sales tax, Washington has ranked as the most regressive state tax system in the nation, according to the Institute on Taxation and Economic Policy (ITEP), a Washington, D.C.-based nonprofit that advocates for progressive tax policies. The poorest 20 percent of state residents pay nearly 17 percent of […]
January 9, 2015
While the states have sometimes been slow to react on this issue, at least lawmakers seem to be beginning to understand the reasons for gas tax reform, said Matthew Gardner, executive director of the non-profit, non-partisan Institute on Taxation and Economic Policy (ITEP). Gas tax reform was something that many lawmakers weren’t willing to talk […]
January 9, 2015
“There aren’t many products where every time you go for a drive you see the price thrown at you a dozen times before you get to your destination,” said Carl Davis, a senior policy analyst at the Institute on Taxation and Economic Policy, a nonprofit research group in Washington. “Gasoline is something people buy frequently. […]
January 9, 2015
It adds up to the fourth-most regressive tax code in the nation, according to the Institute on Taxation and Economic Policy, a nonpartisan research group based in Washington, D.C. In thundering against the status quo, Rauner has raised expectations in a state that has traditionally seen tax hikes and overhauls when Republicans occupy the governor’s […]
January 5, 2015
Drivers in five states could see gasoline prices rise with gas tax increases, according to the Institute on Taxation and Economic Policy, a tax watchdog group. The biggest increase is in Pennsylvania, 9.8 cents, followed by Virginia, 5.1 cents; Maryland, 2.9 cents; North Carolina, 1 cent; and Florida, 0.3 cents. New York, Nebraska, Vermont, West […]
January 5, 2015
Questions about who has really benefited from Texas fiscal policies will be heard more often, and the answers will be ugly. As the Institute on Taxation and Economic Policy observes, Texas has one of the most regressive tax systems in the land: its poorest 20% pay about four times as much of their average income […]
January 5, 2015
he Institute on Taxation and Economic Policy has proposed the most logical and realistic analysis of and recommendation on this tax issue. The full report should be reviewed by everyone, but especially by our legislators. Here are the first few paragraphs from this very comprehensive report: “The gas tax is the single most important source […]
January 5, 2015
Meg Wiehe, state tax policy director at the liberal-leaning Institute on Taxation and Economic Policy, said it’s also necessary for Alaska to consider some sort of new tax revenue as a long-term solution. The state is “really kicking the can down the road,” she said. “I just think [Alaska’s plan] is fiscally very short-sighted because […]
January 5, 2015
According to the Institute on Taxation and Economic Policy, drivers in four other states could potentially see a similar motor-fuel tax increase to benefit state transportation. However, in light of the recent drop in gas prices, local motorists are not as concerned about the uptick. Read more
December 22, 2014
According to the Institute on Taxation and Economic Policy, the tax breaks would equal out to $9 for those who make between $19,500 and $36,400. It would also give $30 back to individuals making between $36,400 and $58,100. An additional $81 would go in the pockets of those who make between $58,100 and $97,700. Read […]
December 22, 2014
Federal money is drying up, as the national gas tax has remained at 18.4 cents per gallon. And more fuel-sipping cars on the road mean Americans are buying less gas to tax. Thus the urgency. “When we see pretty fiscally conservative governors in states like New Jersey and Wisconsin either openly talking about gas tax […]
December 22, 2014
Generally speaking, regressive taxes make income inequality greater, progressive taxes reduce it, and neutral taxes have no effect. The organization that has done the most extensive analysis of how state taxes redistribute income upward or downward is the Institute on Taxation and Economic Policy. Read more
December 19, 2014
“It gives a broad indication of which companies are engaging in risky tax behavior,” says Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a Washington, D.C., nonprofit that produces widely used federal and state tax models and supports progressive tax policies. Read more
December 16, 2014
The Institute on Taxation and Economic Policy said the bottom 20 percent of Kansas taxpayers saw their tax burden increase while the wealthiest Kansans saw their taxes decrease. With special-interest PAC money pouring into Kansas state government races, the Legislature doubled down, proposing another round of tax cuts that would eliminate income taxes and maintain […]
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 […]
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 […]
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].