New York
Issues with Taxing Marijuana at the State Level
May 6, 2015 • By Carl Davis, Richard Phillips
Read as a PDF. Table of Contents Introduction Why Tax Marijuana? Designing a State Tax on Marijuana How Much Revenue Would Marijuana Legalization Generate for States Factors that Could Negatively Impact Marijuana Revenue Factors that Could Positively Impact Marijuana Revenue Conclusion Endnotes Charts and Text Boxes Current Approaches to Taxing Retail Marijuana Sales How Should […]
NY Daily News: Corporate giants often get huge tax breaks, while poor, undocumented immigrants have paid billions in state taxes
April 20, 2015
Yes, the unauthorized immigrant population, among the poorest and most vulnerable in New York State, does its part when it comes to taxes, according to a report by the Institute for Taxation and Economic Policy (itepnet.org), a nonprofit, nonpartisan research organization that works on federal, state and local tax policy issues. The report, that covers […]
Undocumented Immigrants’ State & Local Tax Contributions (2015)
April 15, 2015 • By Matthew Gardner, Meg Wiehe
This report was updated February 2016 Read as a PDF. (Includes Full Appendix of State-by-State Data) Report Landing Page In the public debates over federal immigration reform, sufficient and accurate information about the tax contributions of undocumented immigrants is often lacking. The reality is the 11.4 million undocumented immigrants living in the United States pay billions […]
The Citizen: New York Taxes Tough for Rich and Poor Residents
March 26, 2015
WalletHub used data from the Institute on Taxation and Economic Policy 2015 report to calculate the tax burdens — which included sales, property and income tax. Read more
Gotham Gazette: Separating Fact from Fiction on the Dream Act
March 16, 2015
According to a study by the Institute on Taxation and Economic Policy, undocumented immigrants contributed an estimated $744,276,000 New York State taxes in 2010. At the federal level, the Social Security Administration each year keeps $6 billion to $7 billion in social security contributions from W-2s that cannot be matched with a correct social security […]
The Albany Times Union: Bad But Could Be Worse
March 11, 2015
New York is regularly ranked as one of the worst states in the nation for taxes. But a new study by the Institute on Taxation and Economic Policy found that New York’s tax policies are actually some of the best for average people. That’s because some tax structures grab a larger percentage of take-home pay of middle- […]
Fiscal Policy Institute: Policy Brief: Property Tax Relief (Circuit Breaker)
March 6, 2015
Those at the bottom of the income scale [in New York] would benefit most—62 percent of homeowners and 37 percent of renters with incomes below $19,000 would receive a circuit breaker refund according to an analysis of the governor’s proposal by the Institute on Taxation and Economic Policy. Some 27 percent of homeowners and renters […]
Marketwatch: 10 Biggest Financial-Market Events This Week
March 2, 2015
One of the most popular MarketWatch articles this week was 10 states with the worst taxes for average Americans, based on a report called “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,” released by the Institute on Taxation and Economic Policy (ITEP). According to ITEP’s data, as reviewed by 24/7 […]
New York Times: States Consider Increasing Taxes on the Poor, Raising Them on the Rich
February 13, 2015
While the bottom fifth of earners pay more than 10 percent of their income in state and local taxes, the top 1 percent pays closer to 5 percent, the Institute on Taxation and Economic Policy estimates. Percentage of income is, of course, only one way to measure the tax burden — in sheer dollar terms, […]
Bloomberg: Will State Legislatures Pass Gas Tax Hikes This Year?
February 11, 2015
However, the kind of funding structure that Maryland put in place has been called good policy by organizations like the Institute on Taxation and Economic Policy (ITEP), a non-profit, non-partisan research organization in Washington, D.C., because the inflation adjustment allows the revenue’s buying power to keep up with transportation expenses over time. Flat-rate taxes do […]
Colorado Fiscal Institute: The truth about taxes in Colorado
January 21, 2015
Who really pays a greater share of their income in taxes in Colorado? The rich or the poor? We answered this question by using the latest data from the Institute on Taxation and Economic Policy. The New York Times featured ITEP’s latest data in a national story today as well. Read the full report
New York Times: How Expensive It Is to Be Poor
January 20, 2015
And yet, whatever the poor earn is likely to be more heavily taxed than the earnings of wealthier citizens, according to a new analysis by the Institute on Taxation and Economic Policy. As The New York Times put it last week: “According to the study, in 2015 the poorest fifth of Americans will pay on […]
State of Politics: Here and Now
January 16, 2015
“Taxes in New York may be the highest in the country, but at least they are reasonably equitable, according to the latest Who Pays study from the liberal Institute on Taxation and Economic Policy.” Read more
The Economist Populist: The Poor Pay More in Taxes
January 16, 2015
“According to a new report from the Institute on Taxation and Economic Policy, in nearly every state, low- and middle-income families pay a bigger share of their income in state and local taxes than wealthy families. Patricia Cohen wrote in her very detailed and comprehensive article at the New York Times: “When it comes to […]
Newsmax: The Less You Earn, the More Your Taxes Are
January 15, 2015
“The more you earn, the less in local taxes you pay, a new analysis shows, and several states are considering policies to lighten wealthy residents’ tax burden even more. “Virtually every state’s tax system is fundamentally unfair,” the study, completed by the Institute on Taxation and Economic Policy says, according to The New York Times.” […]
Crain’s New York: New York’s high but equitable taxes
January 15, 2015
Taxes in New York may be the highest in the country, but at least they are reasonably equitable, according to the latest Who Pays study from the liberal Institute on Taxation and Economic Policy. The study gives kudos to states that rely on income taxes, because they tend to be more progressive, and downgrades states […]
The New York Times: Study Finds Local Taxes Hit Lower Wage Earners Harder
January 14, 2015
“When it comes to the taxes closest to home, the less you earn, the harder you’re hit. That is the conclusion of an analysis by the Institute on Taxation and Economic Policy that evaluates the local tax burden in every state, from Washington, labeled the most regressive, to Delaware, ranked as the fairest of them […]
The New York Times: Writing off the Warhol Next Door
January 12, 2015
And at a time when concerns about inequality have heightened criticism of government policies that favor the wealthiest sliver of society, these tax breaks have come under sharper scrutiny. “I think these types of deals do not follow the intent, even if they follow the letter, of the law,” said Rebecca Wilkins, senior counsel on […]
USA Today: New Year Brings Hundreds of New Laws
January 5, 2015
Drivers in five states could see gasoline prices rise with gas tax increases, according to the Institute on Taxation and Economic Policy, a tax watchdog group. The biggest increase is in Pennsylvania, 9.8 cents, followed by Virginia, 5.1 cents; Maryland, 2.9 cents; North Carolina, 1 cent; and Florida, 0.3 cents. New York, Nebraska, Vermont, West […]
New York Times: The State-by-State Revival of the Right
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
New York Times: Apple’s Irish Luck
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 […]
Read the Report in PDF Form The Census Bureau released data in September showing that the share of Americans living in poverty remains high. In 2013, the national poverty rate was 14.5 percent, a slight drop from last years’ rate of 15 percent and the first decline since 2006.1 However, the poverty rate remains 2.0 […]
Greenfield Daily Reporter: NY Tax Receipts Keep Rising Despite Growing Gap Between the Rich and the Rest
September 17, 2014
New York tax collections have continued rising despite a growing income gap between its richest residents and everyone else, even as a national study shows overall growth in state tax receipts slowing as the income gap widens across the U.S. While declining to immediately comment on the S&P analysis, Cuomo administration officials pointed to a […]
The Spectrum: Solution Possible for the Corporate Tax Issue
August 20, 2014
By Della Lowe: A week ago, Walgreen’s reversed its decision to move its corporate headquarters out of the United States, a move that would have been in name only but would have allowed the drugstore chain to save billions of dollars over the next five years in taxes. It appears from the news reports that […]
Politico: Craft Beer Tastes Great, Less Taxes
August 14, 2014
By Kelsey Snell Trendy craft beer sales are booming, and cities and states are hoping tax breaks will help them elbow their way into a seat at the bar. Targeted tax breaks are a favorite tool for states looking to capitalize on a growing industry, and states from California to New York are all hoping […]
