March 9, 2017
A report from the liberal Institute on Taxation and Economic Policy released Thursday found that Fortune 500 companies that were profitable each year between 2008 and 2015 had an average effective tax rate of 21.2 percent. Sanders’s bill would end the ability for corporations to defer paying U.S. taxes on their foreign earnings until the […]
March 9, 2017
A new study from the Institute on Taxation and Economic Policy illustrates the degree to which that practice is playing out. The study show how 258 profitable Fortune 500 companies collectively“paid an effective federal income tax rate of 21.2 percent” from 2008-15, with 18 companies paying no federal income tax during that time despite earning […]
March 8, 2017
According to the Institute on Taxation and Economic Policy (ITEP), undocumented immigrants contribute about $11.6 billion to the economy annually. A recent report from the National Academies of Sciences, Engineering and Medicine found that immigration has an overall positive effect on long-run economic growth in the United States. The foreign born have accounted for more than […]
March 8, 2017
The nonpartisan Institute on Taxation and Economic Policy broke it down more. They pay more than $125 million in just state and local taxes in Connecticut. That would rise by more than $20 million if they had legal status. Republican presidential candidate Mitt Romney once said you can’t take that much money out of an […]
March 8, 2017
The Institute on Taxation and Economic Policy reported last week that illegal immigrants in Ohio pay $83 million a year in state and local taxes. With full legal status, they would pay another $25 million. Immigrants and refugees expand the economic pie. Eduardo Porter of the Times recently noted in a column that the 26 […]
March 8, 2017
The questions go beyond whether the financial activities were legal or illegal. The news puts names and faces on the problems of political cronyism and tax evasion by the wealthy, and on the global scale of these problems. That’s politically volatile in its own right. But the news, arriving at a time income inequality is […]
March 8, 2017
But a recent report by the Texas A&M Transportation Institute analyzing transportation in 471 urban areas showed that although vehicle miles had increased, fuel consumption had not risen above its pre-recession level by 2014, meaning fewer dollars had flowed into highway coffers. Read more
March 8, 2017
The report, released Thursday by the Washington, D.C.-based Institute on Taxation and Economic Policy, comes as President Donald Trump works to ramp up immigration enforcement across the nation in part through an executive order expanding the groups of immigrants prioritized for removal and as Trump suggests he may push for broader immigration reform. The Kentucky […]
March 8, 2017
“De la misma manera que el impacto horrendo de separar a familias bajo una política de deportación mavisa no debe ser ignorado, tampoco se deben pasar por alto las contribuciones significativas que hacen a la economía”, sostuvo Meg Wiehe, directora de programas en Institute on Taxation and Economic Policy (ITEP), del instituto que publicó el […]
March 8, 2017
Another recent report, from the Institute on Taxation and Economic Policy in Washington, D.C., found that undocumented immigrants contribute $11.7 billion in state and local taxes nationally. The nonpartisan but liberal-leaning think tank concluded that a pathway to citizenship — which conservative Republicans in Congress strongly oppose — would increase tax revenue by more than […]
March 8, 2017
Undocumented immigrants pay $31.2 million in state and local taxes in Rhode Island, according to a study released Friday by the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan think tank that works on state and federal tax policy issues. The study, Undocumented Immigrants’ State and Local Tax Contributions, also says that Rhode Island […]
March 8, 2017
Over the past two years, the buzz word in the gilded halls has been “economic development.” But “economic development” has been an excuse for more “supply-side” business incentives and tax breaks which are nothing more than subsidies and do little good, according to a study by the institute on Taxation and Economic Policy. What is […]
March 8, 2017
Colorado’s 163,000 undocumented immigrants pay plenty in taxes, according to a new report by the Institute on Taxation and Economic Policy. The nonprofit think tank on state and federal tax policy estimates undocumented residents contributed $21.4 million in personal income taxes, $35.8 million in property taxes and $82.2 million in sales and excise taxes to […]
March 8, 2017
Undocumented residents in the United States pay an estimated $11.74 billion annually in state and local taxes, an amount that would increase significantly if these immigrants were given a pathway to citizenship, according to a new report from the Institute on Taxation and Economic Policy. On average, the nation’s estimated 11 million undocumented residents pay […]
March 8, 2017
The report uses U.S. Census data and applies assumptions from studies on the rate at which the unauthorized immigrant population pays sales taxes, registers to pay income taxes and owns property. The data are part of a national analysis compiled by the Institute on Taxation and Economic Policy, a research organization on tax matters in […]
March 8, 2017
In a case of perfect timing, the Institute on Taxation and Economic Policy and the Fiscal Policy Institute just released a study detailing how the estimated 817,000 undocumented workers in New York state enrich us all. They make up 5% of the labor force, contribute $40 billion to its economy — and pour $1.1 billion […]
March 8, 2017
The bill comes at the same time that a report from the Institute on Taxation and Economic Policy, a nonpartisan nonprofit based in Washington, that says Colorado has an estimated 163,000 undocumented immigrants who contributed $139.5 million to the state in income, property, sales and excise taxes in 2015. Read more
March 8, 2017
Undocumented immigrants in the U.S. pay more than $11 billion a year in state and local taxes, according to a new study by the Institute on Taxation and Economic Policy. In 42 states, undocumented immigrants pay in taxes a higher share of their income than do the wealthiest 1 percent in their respective states. A common misconception is that […]
March 8, 2017
Among the criticisms of the wall and deportations are signs that they may actually hurt the US economy. Undocumented Americans contribute $11.64bn to the US economy in taxes annually, according to a February 2016 study from US think-tank the Institute on Taxation and Economic Policy. But with Trump’s promises to expel them, the burden is […]
March 8, 2017
A February 2016 analysis by the Institute on Taxation and Economic Policy (ITEP) reported that “undocumented immigrants contribute more than $11.6 billion” at the state and local level, and on average, pay 8 percent of their income in taxes. Read more
March 8, 2017
According to Gilda Jacobs, executive director of the Michigan League for Public Policy, the tax relief for the lowest earners at less than $22,000 a year would be only $16 per year, while the wealthiest earners at more than $484,000 would get a tax benefit of $3,700 a year. The average Michigan worker with an […]
March 8, 2017
And the cost of the undocumented? Their contributions to the economy far outweigh their burden. According to the Institute on Taxation and Economic Policy, undocumented immigrants pay $11.6 billion in taxes each year. According to the Social Security Administration, undocumented workers contribute $15 billion annually to the fund, but only withdraw an estimated $1 billion. […]
March 8, 2017
As Murguía points out, however, the cost of deportation would be a great one: Their [the undocumented] contributions to the economy far outweigh their burden. According to the Institute on Taxation and Economic Policy, undocumented immigrants pay $11.6 billion in taxes each year. According to the Social Security Administration, undocumented workers contribute $15 billion annually […]
March 3, 2017
This article was originally published in The American Prospect. By Carl Davis Politicians have long had a knack for framing policy proposals, however controversial, in terms that make them more palatable to voters. This is why unpopular tax cuts for the wealthy are often sold as plans to “invest” in America or to stimulate “growth.” […]
March 2, 2017
Trump, like many of his supporters, has said undocumented residents hurt the economy by taking jobs from U.S. citizens while using up public services and other resources. Taxpayers, he argues, front that cost. The institute published a similar analysis last year, though Thursday’s report used newer population estimates from 2014. “We felt very compelled to publish an […]
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