Oklahoma
Bartlesville Examiner-Enterprise: Tax hike would hit poor hardest
October 5, 2015
“As a percentage of income, though, the tax would fall hardest on the poor. That’s because they spend a bigger portion of their income on retail purchases.The analysis was prepared in recent days by the Institute on Taxation and Economic Policy, a Washington, D.C., research organization. It was requested by the Oklahoma Policy Institute, a […]
Bartlesville Examiner-Enterprise: Sales tax increase won’t fix education in Oklahoma
October 2, 2015
“The sales tax increase would add approximately $610 million annually to the state’s education budget. It would cost medium income Oklahomans about $260 a year, according to a data analysis used in an Oklahoma Watch story. The bottom 20 percent of Oklahoma households would chip in $90 more annually. The top 1 percent would pay […]
The Oklahoma Watch: Study: Education Sales Tax Would Cost Average Family $262
October 2, 2015
“As a percentage of income, though, the tax would fall hardest on the poor. That’s because they spend a bigger portion of their income on retail purchases. The analysis was prepared in recent days by the Institute on Taxation and Economic Policy, a nonpartisan research organization based in Washington, D.C. It was requested by the […]
KSWO: Oklahoma Retailers Expect Soaring Sales on Sales Tax Holiday
August 10, 2015
Oklahoma retailers are stocking their shelves as they prepare for the state’s annual sales tax holiday on back-to-school clothing and shoes. But tax policy analysts say it’s little more than a gimmick. Matthew Gardner, executive director at the Institute on Taxation and Economic Policy, says sales tax holidays provide no long-term tax relief to consumers. […]
Washington Times: Oklahoma Retailers Expect Soaring Sales on Sales Tax Holiday
August 7, 2015
“The bottom line is that whatever policy goal you want to achieve through a sales tax holiday, there are probably better ways to achieve those goals,” said Matthew Gardner, executive director at the Institute on Taxation and Economic Policy. Gardner said sales tax holidays provide no long-term tax relief to consumers. The institute believes greater […]
Huffington Post: How Some States Are Trying To Fix Their Crumbling Infrastructure
July 6, 2015
Carl Davis, research director at the Institute on Taxation and Economic Policy, said efforts to raise state taxes to pay for roads and bridges exploded this year. In 2013 and 2014, four states (Massachusetts, New Hampshire, Vermont and Wyoming) increased their gas taxes, while Maryland, Pennsylvania and Rhode Island indexed the gas tax to either […]
Georgia Budget and Policy Institute: Income Tax Cuts Won’t Boost Georgia Economy
May 7, 2015
Big income tax cuts did not improve the economies of states that enacted them, and states without income taxes do not consistently grow more jobs or have stronger economies. Six states cut income taxes sharply from 2002 to 2007, before the most recent recession. Three of them – Arizona, Ohio and Rhode Island – grew […]
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 […]
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 […]
Oklahoma Policy Institute: Halt the Tax Cut
March 31, 2015
The cut to the top income tax rate will provide minimal benefit to all but the wealthiest Oklahomans. The average middle-income household will see its taxes lowered $31 a year, or $2.60 per month. Forty percent of households will get no benefit at all. Yet the cut will add some $50 million to the budget […]
Oklahoma Policy Institute: This nonsensical ‘double dipping’ tax break is costing Oklahoma millions
March 12, 2015
“Disallowing just the deduction for state income tax would yield the state $97 million, according to an analysis by the Institute for Taxation and Economic Policy. Only one in four households (24 percent) would be affected at all by this tax change. Over half of the $97 million in new revenue – 58 percent – […]
An updated version of this report has been published with data through July 1, 2017. Read the report in PDF form. Many states’ transportation budgets are in disarray, in part because they are trying to cover the rising cost of asphalt, machinery, and other construction materials with a gasoline tax rate that is rarely increased.1 […]
Oklahoma Policy Institute: Low- and middle-income Oklahomans pay highest state and local taxes
January 21, 2015
A new study released today by the Institute on Taxation and Economic Policy (ITEP) and Oklahoma Policy Institute finds that low and middle-income Oklahomans pay over two times more in taxes as a percentage of their income compared to the state’s wealthiest residents. The study, “Who Pays?”, analyzes tax systems in all 50 states and […]
The Oklahoman: Tax Burden Is Heave for Many Oklahomans
January 20, 2015
TAX cut opponents often argue that Oklahoma already has a relatively low tax burden. A new report by the Institute on Taxation and Economic Policy (ITEP) shows this is not true for many families. The ITEP study — “Who Pays?” — analyzes tax systems in all 50 states and factors in all major state and […]
Tulsa World: The Poor Pay More
January 20, 2015
The poor pay more. State taxes favor the wealthy. Every state and local tax system is regressive. Those provocative conclusions, reached in a controversial new study, are going to ignite a fiery debate over who’s really the most overburdened by state and local taxes and whether existing tax systems do as much harm as good. […]
Norman Transcript: Report Show Low-Income Oklahomans Pay Highest State Taxes
January 20, 2015
A new study released by the Institute on Taxation and Economic Policy (ITEP) and Oklahoma Policy Institute finds that low- and middle-income Oklahomans pay more than two times more in taxes as a percentage of their income compared to the state’s wealthiest residents. The study “Who Pays?” analyzes tax systems in all 50 states […]
Tulsa World: Oklahoma has the 16th most unfair state and local sales tax system
January 16, 2015
Oklahoma has the 16th most unfair state and local tax system in the country, says a report released Wednesday. In Oklahoma, the bottom 80 percent of taxpayers are paying between 8.6 percent and 10.5 percent of their incomes in state and local taxes, according to the “2015 Who Pays: A Distributional Analysis of the Tax […]
The Edmond Sun: Low, middle-income Oklahomans pay highest taxes
January 16, 2015
“Low and middle-income Oklahomans pay more than two times more in taxes as a percentage of their income compared to the state’s wealthiest residents, a new study finds. On Wednesday, the Institute on Taxation and Economic Policy and the Oklahoma Policy Institute released “Who Pays?” The study analyzed state tax systems and factors in all […]
Esquire: This Week in the Laboratories of Democracy
January 16, 2015
“And we conclude, as usual, in the great state of Oklahoma, where Blog Official Schist Stirrer Friedman of The Plains draws our attention to the fact that it’s better to be rich than to be poor. In Oklahoma, the bottom 80 percent of taxpayers (households earning less than $89,000 a year) are paying between 8.6 […]
Public Radio Tulsa: Oklahoma Tax System Called “Unfair”
January 15, 2015
“Results from a new study claim Oklahoma’s tax system is unfair to the great majority of its’ citizens. The report, from the Institute on Taxation and Economic Policy, finds low and middle-income Oklahomans pay over two times more in taxes as a percentage of income than the wealthiest residents. Gene Perry is with the Oklahoma […]
KFOR: State Leaders Approve Tax Breaks for Wealthiest Oklahomans
December 22, 2014
According to the Institute on Taxation and Economic Policy, the tax breaks would equal out to $9 for those who make between $19,500 and $36,400. It would also give $30 back to individuals making between $36,400 and $58,100. An additional $81 would go in the pockets of those who make between $58,100 and $97,700. Read […]
The Motley Fool: The 5 States with the Highest Sales Tax
August 20, 2014
By Jeremy Bowman: Nearly every state in the union charges a sales tax, and the tax levied on goods and services sold at the retail level is just one of many tools states use to collect revenue, along with licensing and taxes on income, corporations, and property. Sales taxes tend to attract less attention than […]
Associated Press: Oklahoma Tax Holiday Is Little Relief
August 1, 2014
By Tim Tally Figures provided by the commission indicate that in 2008, the first year the sales tax holiday was in effect, shoppers saved $6.4 million in sales taxes on clothing and footwear. Last year, shoppers saved more than $7.2 million, and this year the commission estimates shoppers will save almost $7.3 million in sales […]
Oklahoma Policy Institute: 5 things you should know about Oklahoma taxes
April 15, 2014
It’s tax day — the annual event when procrastinators, or those who just like to live on the edge, rush to get their tax returns filed before the midnight deadline. If your return is safely filed, or if you just want another excuse to procrastinate, here are 5 things in 5 charts that everyone should […]
Waterloo Cedar Falls Courier: Gas tax
April 2, 2014
(Original Post) A new fact sheet from the Institute on Taxation and Economic Policy indicates Iowa is one of seven states where the gas tax rates are “stuck in neutral.” According to the institute’s analysis, 21 states have gone a decade or more without increasing their gas tax rates and 16 states have gone two […]
