New Jersey
Star-Ledger: Reducing Taxes for Some in NJ Would Hurt the Poor Even More
January 20, 2015 • By ITEP Staff
The Garden State, like every other state, calls on low-income and middle-class New Jerseyans to pay greater shares of their incomes in state and local taxes than their wealthy neighbors. New data from the Institute on Taxation and Economic Policy’s latest Who Pays? report lays it out: New Jersey’s poorest households – those earning less […]
Ashbury Park Press: NJ’s tax system fairer than most, though still unequal
January 16, 2015 • By ITEP Staff
“New Jersey’s state and local tax system is fairer than most states, though low- and middle-income residents still devote a larger share of their income to taxes than the wealthy. A study released Wednesday by New Jersey Policy Perspective and the Institute on Taxation and Economic Policy says that despite New Jersey’s progressive income tax […]
New Jersey Online: N.J. low- and middle-income families pay larger share of income in state taxes,
January 16, 2015 • By ITEP Staff
“New Jersey’s poor and middle-class families pay a larger share of their income in taxes than the rich, but the tax structure is more progressive than three-quarters of the states, according to a study released today. While the state’s progressive income taxes charge the wealthy a higher rate, property, sales and gasoline taxes consume a […]
Courier-Post: Lawmakers still confident transportation solution near
January 16, 2015 • By ITEP Staff
“Eight states increased their gas taxes last year, including five that added automatic adjustments to keep pace with inflation or fuel prices, according to the Institute on Taxation and Economic Policy.” Read more
Times of Trenton: Hits and Misses
January 16, 2015 • By ITEP Staff
“The poorest 20 percent of New Jersey households pay 10.7 percent of their income in state taxes while the richest 1 percent pay 7.1 percent according to the Washington-based Institute on Taxation and Economic Policy.” Read more
New Jersey News Room: New Jersey’s Upside-Down Tax System: The Lower Your Income, The More You Pay
January 15, 2015 • By ITEP Staff
“Low-income and middle-class New Jerseyans pay more of their incomes to state and local taxes than wealthy residents, according to a new study released by the Institute on Taxation and Economic Policy (ITEP) and New Jersey Policy Perspective (NJPP). The study, Who Pays?, analyzes tax systems in all 50 states and factors in all major […]
Ashbury Park Press: Lawmakers still confident transportation solution near
January 15, 2015 • By ITEP Staff
“Eight states increased their gas taxes last year, including five that added automatic adjustments to keep pace with inflation or fuel prices, according to the Institute on Taxation and Economic Policy.” Read more
The Daily Journal: NJ’s tax system fairer than most
January 15, 2015 • By ITEP Staff
“New Jersey’s state and local tax system is fairer than most states, but low- and middle-income residents still fork over a larger share of their income to taxes than the wealthy, according to a new study. New Jersey Policy Perspective and the Institute on Taxation and Economic Policy authored the study. Despite New Jersey’s progressive […]
New Jersey Policy Perspective: Highest-Income New Jerseyans Would Still Pay Lowest Share of Income to Taxes After Proposed Changes
June 27, 2014 • By ITEP Staff
Read the Full Report
The Star Ledger: NJ Millionaires Tax Could Help Plug Budget Hole
May 22, 2014 • By ITEP Staff
By Star-Ledger Editorial Board, May 20, 2014 Gov. Chris Christie has promised to announce a plan this week to put our state budget on life support. He’s suggested he will do whatever it takes — politics be damned — to close the $807 million hole we are facing: “Everything is on the table to balance […]
The Star-Ledger: NJ’s Gas Tax Cut in Half When Adjusted for Inflation
May 19, 2014 • By ITEP Staff
By Alex Napoliello, May 19, 2014 New Jersey’s gas tax is at an all-time low. That may not be a surprise for those who have been following a recent proposal to raise the tax. But what may be a shock is that the state’s gas tax is almost half of what it was in 1927. […]
The Bergen Record: Christie: “Nothing off the Table,” in Filling NJ’s $807B Budget Gap
April 30, 2014 • By ITEP Staff
(Original post) By John Reitmeyer, April 30, 2014 Governor Christie said “there’s nothing off the table” as he considers ways to plug a projected $807 million budget gap with just two months left in New Jersey’s fiscal year. “I’m going to use every tool at my disposal to get a balanced budget,” he said. […]
The Record: The 5-cent solution – gas tax for New Jersey
March 24, 2014 • By ITEP Staff
(Original Post) MARCH 21, 2014, 4:53 PM LAST UPDATED: FRIDAY, MARCH 21, 2014, 4:53 PM BY CARL DAVIS THE RECORD Carl Davis is senior policy analyst at the Institute on Taxation and Economic Policy, a non-profit, non-partisan research organization that works on federal, state and local tax policy issues. IF YOU WERE to ask five […]
New Jersey News Room: Many of America’s Most Profitable Corporations, Including N.J.-Based Honeywell, Pay Little or No Federal Income Taxes
February 28, 2014 • By ITEP Staff
THURSDAY, 27 FEBRUARY 2014 08:56 BY JON WHITEN AND JENICE ROBINSON SPECIAL TO NEWJESEYNEWSROOM.COM Washington, D.C. – A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them paid no federal corporate income tax in at least one of the last five years while one-third paid a U.S. tax rate […]
New Jersey Policy Perspective: Many of America’s Most Profitable Corporations Pay Little or No Federal Income Taxes
February 26, 2014 • By ITEP Staff
New Jersey-based Honeywell, which in 2012 was awarded a state tax break of $40 million not to leave New Jersey, paid no federal corporate income taxes in 2009 and 2010, despite posting $3 billion in profits in those two years. Because of various tax breaks and loopholes, Honeywell’s effective federal corporate income tax rate in […]
New Jersey Policy Perspective: $elling New Jersey $hort: Across-the-Board Income Tax Cut Would Harm the Garden State
January 13, 2014 • By ITEP Staff
An across-the-board state income tax cut would be detrimental to New Jersey’s future because it would do nothing to create jobs and grow the economy while disproportionately helping those who need it least and eroding public capacity to invest in the true building blocks of job growth and a strong economy. The state’s finances are […]
USA Today: Why Christie should endorse tuition equity
December 2, 2013 • By ITEP Staff
(Original Post) Raul Reyes, USATODAY 7:12 p.m. EST November 26, 2013 If he signs bill, undocumented high school grads would be able to pay in-state tuition. New Jersey Gov. Chris Christie is a lawmaker who plays by his own rules. The iconoclastic Republican was not afraid to buck his party by standing with Democratic President […]
The Record: Report sees tax benefits, jobs for N.J. from immigration reform
August 2, 2013 • By ITEP Staff
New Jersey's tax revenue and housing market would get a boost, and its technology and agricultural industry would gain jobs if Congress passes comprehensive immigration reform, according to economic projections released by the White House on Thursday.
NJ Spotlight: Immigration Reform Could Boost NJ Tax Revenues by $80M Yearly
July 11, 2013 • By ITEP Staff
(Original Post) Higher wages, more spending, increase in income taxes and sales taxes expected if undocumented workers became legal By Hank Kalet, July 11, 2013 Local and state tax coffers could gain see an injection of more than $80 million in taxes annually if federal immigration reforms are passed and undocumented workers are brought into […]
Philadelphia Inquirer:Study shows financial gains if immigrants can work legally
July 11, 2013 • By ITEP Staff
With the cost to revamp immigration law looming large in the national debate, the Institute on Taxation and Economic Policy (ITEP), a left-of-center nonprofit in Washington, released a study Wednesday that estimates big gains in state and local taxes if undocumented immigrants were allowed to work legally. The study estimated that New Jersey would […]
WHYY Radio: Study shows N.J., Pa. and Del. could profit from immigration reform
July 10, 2013 • By ITEP Staff
Original Post July 10, 2013By Ann Marie Awad Audio File at the link Immigration legislation pending in Congress could boost revenue for New Jersey, Pennsylvania and Delaware, according to a study released today by the nonpartisan Institute on Taxation and Economic Policy (ITEP). ITEP Executive Directer Matt Garder says those who crossed the border illegally […]
Bergen Record: News Immigrant tax study sees $81M gain for N.J.
July 10, 2013 • By ITEP Staff
Original Post Tuesday, July 9, 2013 BY MONSY ALVARADO New Jersey immigrants living in the country without legal permission are paying sales tax, and some pay property taxes and even personal income tax. Those state and local taxes totaled $476.4 million in New Jersey in 2010, and could increase by $81 million if Congress passes […]
New Jersey Policy Perspective: New Jersey’s Undocumented Immigrants Pay Nearly Half a Billion Dollars a Year in State and Local Taxes; Immigration Reform Would Boost These Revenues by $81 Million
July 10, 2013 • By ITEP Staff
With fiscal costs and benefits figuring large in the immigration reform debate, a new analysis estimates that unauthorized immigrants are already paying $10.6 billion a year in state and local taxes nationwide, including $476 million in New Jersey. The study, released today by the Institute on Taxation and Economic Policy (ITEP), also estimates that New […]
The Star-Ledger: Immigrants in N.J. illegally still paid $475M in taxes in 2010, study says
July 10, 2013 • By ITEP Staff
(Original Post) By Jeff Goldman/The Star-Ledger on July 10, 2013 at 12:00 PM, updated July 10, 2013 at 12:24 PM Immigrants living illegally in New Jersey contribute hundreds of millions of dollars to the economy, according to a report released by the non-profit Institute on Taxation and Economic Policy. They paid sales tax, property tax […]
NJ News Commons: Undocumented NJ Immigrants Pay Nearly $500M in State and Local Taxes
July 10, 2013 • By ITEP Staff
(Original Post) By TERRENCE MCDONALD Undocumented immigrants living in New Jersey pay nearly $500 million in state and local taxes, and would pay an additional $81 million more if they are granted legal status under a proposed overhaul of the nation’s immigration system, according to a new report from a Washington, D.C. nonprofit. The Institute […]
