Institute on Taxation and Economic Policy

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Christian Science Monitor: After years of fighting states, Amazon makes sales tax standard

March 31, 2017

Regardless of the motivation for the move, tax experts applaud the decision to make state sales tax collection standard. “This expansion in Amazon’s tax collection practices represents a step forward for rational sales tax policy,” Carl Davis, research director at the Institute on Taxation and Economic Policy, wrote on March 21. Read more

Philadelphia Inquirer: BAT Bad News for Pennsylvania

March 31, 2017

Furthermore, any attempt to tax imports will likely be retaliated against in other countries by enacting similar trade measures that boost their own exports and penalize U.S. imports. In a recent interview, Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy said, “The question is whether that would just mean a […]

Bloomberg BNA: States May Eye Health Care Flop as Harbinger on Tax Reform

March 31, 2017

Whatever happens on taxes at the federal level, a debate on how Congress might or should broaden the base of what’s taxable is likely to occur, and that will be positive, Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said at the Tax Foundation event. “It’ll be a good thing […]

The Seattle Times: Boeing Paid Federal Taxes

March 31, 2017

Matthew Gardner, a senior fellow at the nonprofit Institute on Taxation and Economic Policy, which lobbies for tax fairness, said Boeing “continues finding new bases for postponing taxes.” “Boeing’s prodigious capacity to keep generating deferred tax liabilities means that in any given year, its effective tax rate is very, very low.” The tax data from […]

Salon: The rich pay fewer taxes than the poor, and get more services

March 31, 2017

The analysis starts with state and local taxes, which are often ignored by apologists for big-income tax cuts. According to the Institute on Taxation and Economic Policy, the state and local tax rate for the poorest 20 percent of individuals is double that of the top 1 percent (10.9 percent vs. 5.4 percent). New data from Thomas Piketty, Emmanuel Saez […]

The Guardian: My undocumented friend: Carlos does the work few in Vermont want to do

March 31, 2017

While on the campaign trail, Donald Trump called CNN’s Erin Burnett “naive” for suggesting “illegal immigrants” pay taxes. But nationally, they contribute an estimated $11.64bn a year in just state and local taxes, with at least 50% of undocumented immigrant households filing tax returns, according to the non-partisan Institute on Taxation and Economic Policy. Vermont’s […]

St. Louis Public Radio: Proposition 1, a St. Louis ballot measure, regarding MetroLink, urban development funding

March 31, 2017

Newhouse cited a statistic from the nonpartisan Institute on Taxation and Economic Policy, which found that the bottom 20 percent of income earners in the state of Missouri pay 5.8 percent of their annual income in sales tax. “You want these people to have access to ride North/South MetroLink to have more opportunity, to get […]

International Business Times: Republican Health Care Plan: Trumpcare Gives Wealthiest 1% A $31B Taxcut

March 31, 2017

The wealthiest Americans will see the biggest benefit from the Republican plan to repeal the tax on investments and additional Medicare tax in the Republican American Health Care Act, a state-by-state analysis by the Institute on Taxation and Economic Policy indicates, with California and the District of Columbia the biggest winners. The analysis indicated the […]

Washington Post: How a GOP tax plan would help Caterpillar after a raid by federal agents

March 22, 2017

“Caterpillar appears to have elevated international tax avoidance to an art form,” said Matt Gardner, the former director of the left-leaning Institute on Taxation and Economic Policy. “From that perspective, this plan is exactly backwards. It would leave the barn door wide open for companies like Caterpillar to continue shifting their profits on paper offshore.” […]

Queen Anne News: Seattle’s proposed soda tax doesn’t go far enough

March 22, 2017

According to the nonpartisan Institute on Taxation and Economic Policy, Washington has the most unfair state and local tax system in the country. Read more According to the non-partisan Institute on Taxation and Economic Policy, Washington state has the most unfair state and local tax system in the country. The state’s reliance on sales taxes […]

Arizona Daily Sun: Trump corporate tax cut must be paired with reforms

March 22, 2017

A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. One-hundred of the firms had at […]

Dallas News: For Trump loyalist and the neighbors she hates, immigration policy more than politics

March 22, 2017

Nationwide, undocumented immigrants pay about $11.7 billion a year in state and local income, sales and property taxes, including about $1.5 billion in Texas, according to the nonpartisan Institute on Taxation and Economic Policy. And more than 4 million people who do not have Social Security numbers – most of them undocumented immigrants – file […]

Altoona Mirror: Tax season shows why reforms needed

March 22, 2017

A new study by the Institute on Taxation and Economic Policy demonstrates that any reform must be in multiple directions, rather than in just reducing rates at the top. President Donald Trump and others often lament that the top corporate tax rate is too high at 35 percent. But the study found that massive tax […]

The Capital Times: Dems’ bill promotes an economy that works for everyone

March 22, 2017

Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4 percent (“Pulling Apart 2016,” by the Wisconsin Budget Project and COWS). Not only are middle-income people paying the largest percentage of their income of any […]

Ventura County Star: Corporate tax cut must include reform

March 22, 2017

A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. A hundred of the firms had […]

Urban Milwaukee: Democrats’ Tax Proposal Helps Middle Class

March 22, 2017

Over the last three decades, the average incomes for Wisconsin’s top 1 percent have increased by 120 percent, yet the incomes of the remaining 99 percent grew by just 4 percent (Pulling Apart 2016, by the Wisconsin Budget Project and COWS). Not only are middle income people paying the largest percentage of their income of […]

Kansas City Star: Who would argue taxes with H&R Block? This guy, but only a little

March 22, 2017

Who would argue taxes with H&R Block? Matt Gardner would, but only a little. Gardner was the lead author of a recent study by the Institute on Taxation and Economic Policy titled “The 35 Percent Corporate Tax Myth.” The study’s conclusion was that many big, profitable companies already pay far less than the 35 percent […]

Huffington Post: Companies That Cheat on Their Taxes

March 22, 2017

However, because of a new study by the non-partisan Institute on Taxation and Economic Policy (ITEP) we do know that more than half of wealthy Fortune 500 companies find ways to way underpay on their income taxes, and some big named companies pay no taxes at all. Are they tax cheats? You decide! Read more

The Register-Mail: Change ‘tax avoidance’ laws

March 22, 2017

However, the practice isn’t unusual. About $2.5 trillion has been held offshore in about 10,000 tax-haven subsidiaries by more than 350 of Fortune-500 companies, according to another report, “Offshore Shell Games 2016,” from the Public Interest Research Group, the Institute on Taxation and Economic Policy, and Citizens for Tax Justice. Companies such as Apple and […]

Gas 2.0: Fuel Taxes Likely to Increase in 2017 in States without Elections

March 22, 2017

According to information supplied by Carl Davis, research director for the Institute on Taxation and Economic Policy (ITEP), Washington, D.C., states were more active in changing their rates in the odd-numbered years of 2013 and 2015 but less so in the even-numbered years of 2014 and 2016. “If there’s not an election in November, then more […]

Palm Beach Post: NextEra Energy disputes report saying it paid no income taxes

March 22, 2017

The study, The 35 Percent Corporate Tax Myth conducted by the left-leaning Institute on Taxation and Economic Policy in Washington, D.C., examined eight years of data on federal income taxes of 258 profitable companies. NextEra Energy spokesman Mark Bubriski called the report a stunt that intentionally leaves out relevant context in order to paint a […]

CSP Magazine: Why 2017 Looks Bullish for State Gas-Tax Increases

March 22, 2017

“If you go back to 2013, we’ve seen a significant group of states—19—enact gas-tax increases or reforms of some type. In many cases, these are states that have gone years or even decades without adjusting their fuel-tax rates,” says Carl Davis, research director for the Institute on Taxation and Economic Policy (ITEP), Washington, D.C. Read […]

San Diego Union-Tribune: Trump corporate tax cut must be paired with reforms

March 22, 2017

A new study by the Institute on Taxation and Economic Policy, based on the regulatory filings of 258 U.S. Fortune 500 companies, illustrates how the 35 percent tax rate is nominal, not an actual onerous burden, in many industries. The actual rate paid by the companies was 21.2 percent. One-hundred of the firms had at […]

CBS MoneyWatch: Meet the 18 profitable companies that paid no taxes over 8 years

March 13, 2017

President Donald Trump and the GOP leadership have vowed to reduce U.S. corporate taxes, arguing that the statutory 35 percent rate is far too high.  But thanks to loopholes and tax-minimization strategies, few large, profitable corporations actually pay that rate. Among the roughly half of Fortune 500 companies that were consistently profitable between 2008 and […]

The Huffington Post: The Country That Everyone Used To Know

March 13, 2017

Trump either cannot distinguish facts or he doesn’t care. He says crime is up when crime is down. He says, “I’m the least racist person there is,” then bans Muslims from entering the country. Do we even know how this will affect the economy? Undocumented immigrants currently contribute $11 billion in taxes each year, according […]

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