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blog
March 23, 2017
Taxing the Gig Economy
Our ever-changing economy demands that lawmakers update our tax laws to keep pace. Take, for example, the growth of online sales. As recently as six… -
blog
March 23, 2017
Tax Justice Digest: 50-State Analysis of GOP Health Care Plan, Ensuring State Sales Taxes Keep Pace with Our Changing Economy
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and… -
blog
March 22, 2017
GOP Healthcare Bill Cuts Insurance Coverage for Millions to Pay for Tax Cuts for the Wealthy; ITEP State-By-State Estimates
The House GOP’s American Health Care Act is being pushed quickly through the legislative process, with a vote on the House floor scheduled for as… -
blog
March 22, 2017
State Rundown 3/22: Springtime Tax Debates Blossom Nationwide
This week in state tax news saw major changes debated in Hawaii and West Virginia and proposed in North Carolina, a harmful flat tax proposal… -
blog
March 21, 2017
Amazon Will Collect Every State Sales Tax by April 1
For decades, Amazon.com helped its customers dodge the sales taxes they owed to gain an advantage over its competitors. But as the company’s business strategy… -
report
March 17, 2017
Affordable Care Act Repeal Includes a $31 Billion Tax Cut for a Handful of the Wealthiest Taxpayers: 50-State Breakdown
Congressional Republicans have proposed legislation that would repeal the Affordable Care Act (ACA), including rolling back a number of tax changes that were enacted to pay for the ACA’s health care expansions. Among these tax changes are two targeted income tax increases that took effect in 2013, each of which apply only to a small number of the wealthiest Americans: the net investment tax and additional Medicare tax. Repealing these two taxes would cost over $31 billion a year if implemented in tax year 2016, and 85 percent of the benefit from repealing these taxes would go to the best off 1 percent of Americans nationwide.
This analysis includes a 50-state breakdown of these impacts.
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blog
March 15, 2017
State Rundown 3/15: Responses to Revenue Shortfalls Vary Widely
State tax debates have been very active this week. Efforts to eliminate the income tax continue in West Virginia. Policymakers in many states are responding… -
report
March 15, 2017
Taxes and the On-Demand Economy
A growing number of Americans are getting rides or booking short-term accommodations through online platforms such as Uber and Airbnb. This is nothing new in concept; brokers have operated for hundreds of years as go-betweens for producers and consumers. The ease with which this can be done through the Internet, however, has led to millions of people using these services, and to some of the nation’s fastest-growing, high-profile businesses.
The rise of this on-demand sector, sometimes referred to as the “gig economy” or, by its promoters, the “sharing economy,” has raised a host of questions. For state and local governments, one of them is: How do the services provided by these companies fit into the current tax system? All three of the major categories of revenue sources relied upon by state and local governments, including consumption taxes, income taxes, and property taxes, are impacted to some extent by the on-demand economy. While Uber, Airbnb, and similar on-demand companies are still relatively small in relation to the overall U.S. economy (accounting for 0.5 percent of the U.S. workforce), they are large enough to have a meaningful impact on state tax collections, and their explosive growth and entry into new lines of business will amplify their importance in the years ahead.
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blog
March 9, 2017
Debunking the 35 Percent Corporate Tax Myth
For years, the number one tax policy talking point from corporate lobbyists has been the claim that the United States has the highest corporate tax… -
blog
March 9, 2017
Tax Justice Digest: New Eight-Year Data Reveals Corporations Aren't Paying Their Fair Share
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and…