
November 3, 2014
Six of the nine state states without a state income tax – Tennessee, Texas, Florida, Washington, Alaska and Nevada – have had higher than average annual unemployment rates over the last decade, according to the Institute on Taxation and Economic Policy. Five of the nine – Tennessee, Florida, New Hampshire, Alaska and Nevada – are […]
November 3, 2014
Massachusetts voters will get to decide whether to repeal a provision that automatically raises the state gasoline tax with inflation. According to the nonpartisanInstitute on Taxation and Economic Policy, 14 states have a “variable rate” gas tax, while 32 states have fixed taxes (the others didn’t supply data). Read more
November 3, 2014
Not all tax experts agree that The Tax Foundation’s description of what makes a good business tax climate fairly reflects the attractiveness of a state for companies. Speaking to 24/7 Wall St., Matthew Gardener, executive director of the Institute on Taxation and Economic Policy, described fiscal policy as a two-sided coin. For fiscal policy, “the […]
October 28, 2014
The nonpartisan Institute on Taxation and Economic Policy estimates that the new North Carolina tax plan will cost the state over $1 billion this fiscal year compared to the past one. “That’s about equivalent to the entire community college budget,” said Tazra Mitchell, a budget analyst at the Justice Center. “So that’s not a small […]
October 28, 2014
And the numbers aren’t political spin. The current shortfall figures come from the Fiscal Research Division of the General Assembly. The estimate of how large the shortfall could become is from the nonpartisan Institute on Taxation and Economic Policy, using the latest state taxpayer data. The Institute says the cost of the Robin-Hood-in-reverse tax cut […]
October 28, 2014
The Institute on Taxation and Economic Policy (ITEP), a nonprofit Washington, D.C., research group with a model of the tax system, reviewed the effects of income tax repeal. It found that if the tax were repealed and just half of it was replaced with a higher sales tax, the top 1 percent of Ohio residents, who […]
October 28, 2014
Matt Gardner with the Institute on Taxation and Economic Policy says property taxes nationwide are increasingly limited to real property. But he says for equipment that has significant value to a business‘s profit-making ability, it makes sense to tax that equipment. “It’s a rough proxy for the benefits you derive from government services,” says Gardner. […]
October 16, 2014
Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, said that, based only on the income tax portion of the changes, about 35% of North Carolinians would see a tax increase, another 16% would see no change, and roughly 49% would get a tax cut. Once you factor in the […]
October 10, 2014
In an analysis of how the Indiana cuts are distributed by income groups, the liberal Institute on Taxation and Economic Policy found that the bottom 20 percent are getting an average cut of $10, those in the middle are getting $56, while the top 1 percent get $1,181. Read more
October 10, 2014
Further details of these types of corporate shenanigans can be found in the paper “Citizens for Tax Justice and the Institute on Taxation and Economic Policy,” published in February 2014. Read more
October 10, 2014
All states impose some kind of gas tax that generally supports transportation infrastructure, but the taxes and fees that drivers actually pay make up a smaller share of total highway funding than at any point since the Interstate Highway System was created in 1957, according to a May 2014 policy brief by the Institute on […]
October 10, 2014
Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, said that, based only on the income tax portion of the changes, about 35 percent of North Carolinians would see a tax increase, another 16 percent would see no change, and roughly 49 percent would get a tax cut. Once […]
October 10, 2014
Matthew Gardner, executive director of the left-leaning Institute on Taxation and Economic Policy, notes that many states in recent years have gone down the same road as Massachusetts by linking fuel taxes to inflation or prices. “It’s been a very welcome trend in the last few years toward indexing the gas tax for some measure […]
October 7, 2014
The liberal Wisconsin Budget Project has released an analysis by the Institute on Taxation and Economic Policy (ITEP) showing how the tax burden would change for different income groups. Under one scenario highlighted in the study as being the most balanced, ITEP projects the top 1 percent of earners would see a 0.6 percent reduction […]
October 6, 2014
Here then is one difference between what transpires in the U.S. and what transpires in Europe: The E.U. has rules intended to prevent nations from giving unjustified tax breaks to companies. “In Europe there is now a mechanism to prevent the most harmful abuses” of the tax code, said Matthew Gardner, the executive director of […]
October 6, 2014
Wallethub said its survey reached 1,050 people across gender, racial, income level and political lines. It compared what they saw as a fair state and local tax system with estimates of average state and local taxes from the Institute on Taxation and Economic Policy. Read more
October 3, 2014
In reality, however, Kansas’ job growth stagnated in 2012 and income growth fell. Far from a stimulus plan, Brownback’s tax cuts were a massive program of redistribution for the rich. According to a report from the Institute on Taxation and Economic Policy, the bottom 20 percent of Kansas taxpayers saw their tax burden increase by […]
October 3, 2014
“Some of these states have natural advantages, or man-made advantages, that most other states don’t have, said Matthew Gardner, the executive director of the nonpartisan Institute of Tax and Economic Policy, a Washington, D.C. think tank. Read more
October 3, 2014
In 2011, the state of Florida spent $8,887 per-pupil, ranking it 38th among the states, according to a report by Governing magazine based on Census data. Ohio ranked 18th that year, spending $11,223 per pupil. That same report showed that Ohio’s graduation rate for all students was nine percentage points higher than Florida. The rate […]
September 30, 2014
Ingersoll-Rand’s move to Bermuda helped kick off the first major wave of inversions more than a decade ago, said Rebecca Wilkins, senior counsel with the Institute on Taxation and Economic Policy. “It was one of the more publicized cases,” she said. “They didn’t make any bones about what they were doing. They were quite transparent […]
September 30, 2014
And so when these weekends roll around, you either need to have opportune timing in the breakdown of your fridge, for instance, or enough money to afford the purchase of replacing one early. Such a scenario leaves out many who might not have much cash on hand, according to Matt Gardner, executive director of the […]
September 30, 2014
The survey was then meshed with some of the good work done by the Institute on Taxation and Economic Policy, which has demonstrated the fact that state tax systems are decidedly regressive. Read more
September 30, 2014
The Institute on Taxation and Economic Policy (ITEP) estimates that the real relationship between income and state and local taxes is negative, the complete opposite of what Americans think is fair. In order to find the most and least fair tax systems in America, WalletHub analyzed and ranked the 50 states based on the fairness […]
September 30, 2014
Using data from the Institute on Taxation and Economic Policy (ITEP), WalletHub then compared what Americans think is fair to the structure of state and local tax systems. ITEP estimates the total state and local tax burden of households at seven different points in the income distributions of each state (e.g., bottom 20 percent or […]
September 30, 2014
By Max Ehrenfraud Brownback has signed major tax breaks into law, reduced state spending and arguably made it harder for people in poverty to receive welfare. He called his initiatives “a real live experiment” in red-state governance, a choice of words he now says he regrets. “I don’t consider this an experiment,” he told The Post recently. “This is […]
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].