Recent Work
2118 items
Does a 15 Percent Corporate Tax Rate Sound Low? For Dozens of Major Corporations, Maybe Not
April 25, 2017 • By Matthew Gardner
President Donald Trump has promised to release new details Wednesday on what he says could be “the biggest tax cut we’ve ever had.” While much is unclear about the shape this plan will take, the Wall Street Journal reported yesterday that it will include a 15 percent tax rate on corporate profits, less than half […]
Comparing the Distributional Impact of Revenue Options in Alaska
April 24, 2017 • By Aidan Davis, Carl Davis
Alaska is facing a significant budget gap because of a sharp decline in the oil tax and royalty revenue that has traditionally been relied upon to fund government. This report examines five approaches for replacing some of the oil revenue that is no longer available: enacting a broad personal income tax, state sales tax, payroll tax, investment income tax, or cutting the Permanent Fund Dividend (PFD). Any of the options examined in this report could make a meaningful contribution toward closing Alaska’s budget gap. To allow for comparisons across options, this report examines policy changes designed to generate $500 million…
State and Local Tax Contributions of Undocumented Californians: County-by- County Data
April 24, 2017 • By ITEP Staff
Public debates in California over immigrants, specifically around undocumented immigrants, often suffer from insufficient and inaccurate information about the contributions of undocumented immigrants, particularly their tax contributions at the local and state level. The fact of the matter is undocumented immigrants living in the California pay millions of dollars each year in local taxes to the counties where they live (estimated to be more than $1.5 billion) and collectively an estimated $3 billion combined in state and local taxes. A little more than half of the total state and local taxes undocumented immigrants in California pay flow to local governments.
The Commonwealth Institute: Working, Paying Taxes, Hitting Barriers
April 24, 2017 • By ITEP Staff
Unauthorized immigrants in Virginia contribute more than $250 million each year in state and local taxes. That’s a lot of money. But they could contribute even more – nearly $100 million more – if they received lawful work permits and relief from fear of immigration enforcement, policy changes lawmakers could begin to address for the […]
New Report: DACA-Eligible Immigrants Annually Pay $2 billion in State and Local Taxes
April 24, 2017 • By Meg Wiehe
Young undocumented immigrants’ tax contributions would drop by nearly half if DACA protections were rescinded A new Institute on Taxation and Economic Policy report examined the state and local tax contributions of young immigrants eligible for DACA (deferred action for childhood arrivals) and found that, collectively, they annually contribute $2 billion in state and local […]
New Analysis: Average Alaskan Would Pay Less Under Income Tax Than Under Other Fiscal Options
April 23, 2017 • By ITEP Staff
Cutting the Permanent Fund Dividend (PFD) or Implementing a Sales Tax Would Be Costlier than Income Tax for Most Alaskans A new analysis by the Institute on Taxation and Economic Policy (ITEP) finds that for most Alaskans, a state income tax would capture less of their income than other revenue-raising alternatives such as cutting the […]
The Louisiana Legislature has been in session for two weeks now. The stage has been set for fiscal reform and the stakes are high. The state faces a $1.3 billion loss of revenue starting July 1, 2018 when the temporary sales tax base expansion and rate increase expires if lawmakers fail to close the gap […]
The Trump Administration Should Not Reopen Offshore Loopholes Closed by Recent Regulations
April 21, 2017 • By Richard Phillips
A new executive order signed by President Donald Trump on Friday asks that Treasury Secretary Steven Mnuchin review significant tax regulations issued in 2016. The broader context of the order is that President Trump is seeking to roll back regulations across the government – many of which he claims are overly burdensome – and could […]
State Rundown 4/19: Alaska’s Long Income Tax Freeze May Be Thawing
April 19, 2017 • By ITEP Staff
This week Alaska‘s House advanced a historic bill to reinstate an income tax in the state, Oklahoma‘s House voted to cancel a misguided tax cut “trigger,” West Virginia‘s governor colorfully vetoed his state’s budget, tax reform debate kicked off in Louisiana, and gas tax updates were considered in South Carolina and Tennessee, among other tax-related news […]
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 Economic Policy. Here’s a rundown of what we’ve been working on lately. Every year around Tax Day, ITEP updates some of its key reports to help put the nation’s tax […]
Every year around Tax Day, ITEP updates some of its key reports to help put the nation's tax system in proper context. This year, as people around the country march to demand President Trump release his tax returns and as policymakers consider overhauling our federal tax system, these reports are especially critical. Read 10 Things You Should Know on Tax Day.
All Americans pay taxes. Most of us pay federal and state income taxes. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. Everyone who owns or rents a home directly or indirectly pays property taxes. Anyone who shops pays sales taxes in most states.
Profitable Fortune 500 companies in a range of economic sectors have been remarkably successful in manipulating the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. This ITEP report examines a select, diverse group of 15 corporations' tax situations to shed light on the widespread nature of corporate tax avoidance. As a group, these companies paid no federal income tax on $21 billion in profits in 2016, and they paid almost no federal income tax on $111 billion in profits over the past five years. All but one received federal tax rebates…
State Rundown 4/12: Season in Transition as Some States Close, Others Open Tax Debates
April 12, 2017 • By ITEP Staff
This week in state tax news we see Louisiana‘s session getting started, budgets passed in New York and West Virginia, Kansas lawmakers taking a rest after defeating a harmful flat tax proposal, and Nebraska legislators preparing for full debate on major tax cuts. Nevada lawmakers may make tax decisions related to tampons, diapers, marijuana, and […]
The most recent data from the Organization for Economic Cooperation and Development (OECD) show that the United States is one of the least taxed developed nations.
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.