Institute on Taxation and Economic Policy

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The Week: Americans Don’t Pay Enough in Taxes

April 17, 2018

But here’s the truth: If you add up all the taxes Americans pay, the system is only slightly progressive. As this new report from the Institute on Taxation and Economic Policy shows, those in the poorest quintile pay a total of about 16 percent of their income in taxes, those in the middle pay 25 […]

Associated Press: How Will Taxes Change

April 17, 2018

This chart shows how the current version of the new tax laws will impact Americans at different income levels. The colors represent the average change one can expect as a percentage of 2018 pre-tax income according to the Institute on Taxation and Economic Policy. The darker the color the greater the cuts as a share […]

Think Progress: CBO Confirms Tax Law Will Worsen Offshore Tax Dodging

April 16, 2018

The CBO findings echo analysis from non-partisan think tanks like the Institute on Taxation and Economic Policy, which found that the Republican Tax Cuts and Jobs Act would make offshore tax dodging even worse than it was before.  The Center on Budget and Policy Priorities similarly found that the plan is “likely to lead to more […]

Dallas Morning News: NJ Gov. Murphy to Texas Gov. Abbott: Back off from our people and companies Filed under Commentary at 4 days ago

April 16, 2018

We are also not fixated on cutting taxes for the wealthy at the expense of the middle class. According to the Institute on Taxation and Economic Policy, Texas is home to the third-most unfair state and local tax system in the country, with middle-class and working families paying disproportionately higher rates than the wealthiest Texans. […]

The Street: Is President Trump’s Beef with Amazon Justified

April 15, 2018

Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, added that Amazon aggressively fought off calls for years that it start collecting such taxes. Avoiding collection of this money for that long gave the company a huge advantage with shoppers and greatly disadvantaged bricks-and-mortar retailers, he said. Read more

Newark Star-Ledger: The 15 Mostly Red States That Mooch off NJ the Most

April 15, 2018

Under the Republican tax bill, New Jersey and five other states, four of which now pay more to Washington than they receive in services, will contribute a greater share of federal income taxes than they do now, according to the Institute on Taxation and Economic Policy, a progressive research group. Read more

Last Week Tonight with John Oliver: Corporate Taxes

April 15, 2018

ITEP’s corporate data was featured on Last Week Tonight with John Oliver

WNYC: Despite Myth, Undocumented Immigrants Pay Taxes But Receive Few Benefits

April 13, 2018

Yatziri has recently benefited from her DACA status, and her tax dollars have helped fuel the $2 billion dollars in state and local taxes contributed by DACA recipients across this country. According to Meg Wiehe, deputy director at the Institute on Taxation and Economic Policy, this money was instrumental in a circuit court judge’s decision to halt […]

GOP Authors of Tax Law Double Down in Campaigns

April 13, 2018

Roskam’s campaign estimates that his district will get $1 billion in tax relief in 2019 for individuals and pass-through businesses, citing data from the IRS and the Institute on Taxation and Economic Policy. While Democrats seeking to unseat the GOP tax-writers say voters have concerns about the new tax law, they expect that other issues […]

Vox: Immigrants Pay Taxes

April 13, 2018

The best estimates come from research by the Institute of Taxation and Economic Policy, a Washington, DC, think tank, which suggests that about half of undocumented workers in the United States file income tax returns. The most recent IRS data, from 2015, shows that the agency received 4.4 million income tax returns from workers who […]

Washington Post: Behind Oklahoma’s Teacher Strike: Years of Tax Cuts and an Energy Slump

April 12, 2018

Some states that have also recently pushed through big income tax cuts, including North Carolina and Ohio, did so while also broadening their tax base, according to Meg Wiehe of the Institute on Taxation and Economic Policy. But until this year, Oklahoma did very little to balance rate reductions with increases in the tax base. Oklahoma raised […]

Reuters: U.S. Companies Found Ways to Avoid Taxes Before Tax Bill: Report

April 12, 2018

A report by the Institute on Taxation and Economic Policy, or ITEP, said data showed how profitable Fortune 500 companies have routinely lowered their tax bills long before the Republican tax overhaul signed into law by President Donald Trump in December.  The 15 corporations had profits of $24.5 billion in 2017 but managed to obtain […]

CNN: Kentucky Governor Signs Pension Reform Bill

April 11, 2018

House Bill 366 has come under criticism from Democrats and analysts who say that it favors the wealthy and corporations, reported CNN affiliate WKYT. An analysis of that bill by the Institute on Taxation and Economic Policy found it would bring a huge tax cut for the richest 1% of residents, while the biggest tax […]

CNN: Kentucky Governor Signs Controversial Pension Bill as Teachers Call for Rally

April 11, 2018

An analysis of that bill by the Institute on Taxation and Economic Policy found it would bring a huge tax cut for the richest 1% of residents, while the biggest tax increase would affect those making less than $21,000 a year.

Tribune News Service: Amid Teacher Protests, Kentucky Governor Vetoes Budget and Tax Plan

April 10, 2018

Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two Democratic leaders said the bills were not “transparently vetted” and referenced a study performed by the Institute on Taxation and Economic Policy that found that […]

Fiscal Times: Who Wins if Temporary Tax Cuts Are Made Permanent

April 10, 2018

Virtually all of the individual tax cuts are temporary, and making them permanent is being pitched politically as a win for middle-class taxpayers. But according to a new analysis from the Institute on Taxation and Economic Policy, the extension the temporary tax cuts after 2025 will do little to change the overall distribution of benefits […]

Lexington Herald-Leader: Bevin Vetoes Entire State Budget and Tax Overhaul Plan

April 9, 2018

Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two Democratic leaders said the bills were not “transparently vetted” and referenced a study performed by the Institute on Taxation and Economic Policy that found that […]

CNBC: Trump Organization’s Online Store Adds Virginia to Short List of States Collecting Tax on Its Sales, Bringing Total to 3

April 9, 2018

“You have Trump Tower New York and the Trump Store in Trump Tower pointing people to the site, essentially being salespeople,” Carl Davis, research director of the nonpartisan Institute on Taxation and Economic Policy, told CNBC. A spokesman for the New York Department of Taxation and Finance said secrecy laws prevent it from commenting on […]

Associated Press: Amazon Ignores Trump’s Attacks as It Molds a Business Empire

April 6, 2018

Trump’s charge that Amazon pays “little or no taxes” may have merit. Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said in February that Amazon “has built its business model on tax avoidance.” Amazon reported $5.6 billion of U.S. profits in 2017 “and didn’t pay a dime of federal […]

The Motley Fool: Amazon Is a Master of Tax Avoidance

April 6, 2018

Until the stock’s recent dive, Amazon was the second-most valuable company in the country, worth nearly $800 billion and behind only Apple. However, the company paid no U.S. income taxes on a $5.6 billion in domestic profits last year thanks to a $789 million windfall from the new tax law, according to the Institute on Taxation […]

Courier Journal: Kentucky Tax Reform Bill is a Break for the Rich but a Hike for Everybody Else, Study Says

April 6, 2018

The tax bill that zipped through the General Assembly on Monday will amount to a tax break for millionaires but a tax increase for 95 percent of Kentuckians, according to an analysis by the Washington-based Institute for Taxation and Economic Policy.

WUKY: A Tale Of Two Tax Studies

April 6, 2018

"This is a complicated tax plan with a lot of moving pieces, but the net result is clear: that it is middle-class tax hike. Kentucky's poorest families and the middle class will end up paying more while the state wealthiest taxpayers are going to end up paying less," ITEP analyst Aidan Davis says.

MarketWatch: Trump Is Jealous Amazon Is Better at Avoiding Taxes

April 4, 2018

In 2017, Amazon paid no federal tax on $5.6 billion in U.S. profits, according to an analysis by Matthew Gardner at the Institute on Taxation and Economic Policy. During the previous five years, Amazon paid an effective rate of 11.4% on its profits of $8.2 billion, about a third the statutory rate, Gardner said. “More […]

Washington Post: If Trump Wants to Go After Amazon, He Has Options

April 4, 2018

Despite Trump’s complaints, Amazon started paying sales taxes in 2017 in most states after setting up warehouses across the country to expedite its delivery times. But Amazon does not collect sales taxes on goods sold by third-party vendors, and several big cities in seven states still are not collecting sales taxes at the same level as from local […]

New York Times: Silicon Valley Warms to Trump After a Chilly Start

March 30, 2018

But Silicon Valley’s favorite thing about Mr. Trump is almost certainly his new tax code. Many tech companies lobbied for corporate tax reform for years before Mr. Trump signed the new tax bill. Tech giants immediately reaped the benefits. Under the new rules, Apple saved $43.7 billion in taxes, according to the Institute on Taxation […]

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].