-
blog
May 9, 2018
New Tax Subsidy for Private K-12 Tuition in Massachusetts Creates a Host of Problems
Last year’s federal tax cut bill changed 529 college savings accounts in a major way, expanding them so that they can be used as tax… -
blog
May 4, 2018
In the Face of the Trump Administration's Anti-Immigrant Agenda, We Must Rely on Evidence to Highlight the Contributions of and Dispel Myths About Dreamers
Immigrants face tremendous uncertainty and little hope under the Trump Administration. The administration’s actions—banning travel from residents of primarily Muslim countries, the deportation of Christian… -
blog
May 4, 2018
Tax Wars: 3 Lessons about Tax Policy from the Star Wars Universe
Even in the universe of Jedi, Death Stars and Ewoks, tax policy plays a surprisingly important role in driving the events of the day. In celebration of Star Wars Day, we just wanted to share some of the little-known tax policy lessons from the Star Wars universe.
-
blog
May 3, 2018
Under Pressure, Trump Organization Abandons Risky Sales Tax Avoidance Strategy in New York. Will It Face Penalties for Taxes it Did Not Collect?
While President Trump was busy publicly shaming Amazon for failing to collect some state and local sales taxes, his own business’s online store was not only failing to collect the same taxes, but was arguably more aggressive than Amazon in refusing to do so. As of last month, TrumpStore.com was not even collecting sales tax in New York State despite having a “flagship retail store” inside Trump Tower, in Manhattan. As ITEP pointed out at that time: “It seems likely that the presence of a New York location should be enough to put TrumpStore.com within reach of New York’s sales tax collection laws.”
-
blog
May 3, 2018
State Rundown 5/3: Progressive Revenue Solutions to Fiscal Woes Gaining Traction
This week, Arizona teachers continued to strike over pay issues and advocates unveiled a progressive revenue solution they hope to put before voters, while a progressive income tax also gained support as part of a resolution to Illinois’s budget troubles. Iowa and Missouri legislators continued to try to push through unsustainable tax cuts before their sessions end. And Minnesota and South Carolina focused on responding to the federal tax-cut bill.
-
blog
May 2, 2018
New UK Law May Shut Down the Biggest Tax Havens — Aside from the U.S.
The United Kingdom’s parliament has enacted a new law requiring its overseas territories — which include notorious tax havens like Bermuda, the Cayman Islands, and the British Virgin Islands — to start disclosing by 2020 the owners of corporations they register. This could shut down a huge amount of offshore tax evasion and other financial crimes because individuals from anywhere in the world, including the United States. have long been able to set up secret corporations in these tax havens to stash their money.
-
blog
May 2, 2018
Apple’s Three-Month Tax Savings under President Trump’s New Tax Law: $1.68 Billion
By now, it should come as no shock that profitable Fortune 500 corporations are reaping huge benefits from the corporate tax cuts enacted last December. But as first quarter earnings reports are released, we’re learning just how big.
-
blog
May 1, 2018
Newly Unveiled Ballot Initiative Aims to Tax Arizona’s Top 1 Percent to Fund Education
Today marks Day 4 of the Arizona teachers’ walkout. After decades of tax cuts and underfunding of public education, education advocates are now driving the debate and urging lawmakers to act. Their newest proposal would raise taxes on incomes above half a million dollars for married couples, or above $250,000 for single taxpayers—that is, the same wealthy taxpayers that just received a generous tax cuts under last year’s federal tax overhaul.
-
blog
May 1, 2018
No Need for the MythBusters, the Millionaire Tax Flight Myth is Busted Again
One of the most repeated myths in state tax policy is called “millionaire tax flight,” where millionaires are allegedly fleeing states with high income tax rates for states with lower rates. This myth has been used as an argument in state tax debates for years but Cristobal Young argues in his book, “The Myth of the Millionaire Tax Flight,” that both Democrats and Republicans are “searching for a crisis that does not really exist,” and that there is no evidence to support this myth.
-
report
April 30, 2018
State & Local Tax Contributions of Young Undocumented Immigrants
This report specifically examines the state and local tax contributions of undocumented immigrants who are currently enrolled or immediately eligible for DACA and the fiscal implications of various policy changes. The report includes information on the national impact (Chart 1) and provides a state-by-state breakdown (Appendices 1 and 2).
