Recent Work
2085 items
Missouri House Bill 64 would change the state’s personal income tax in three important ways: • Expand the starting point for the 6 percent top income tax bracket from $9,000 to $50,000 of taxable income.• Increase the deduction for federal income taxes paid from $10,000 for married couples($5,000 for single filers) to $15,000 for married […]
This policy brief examines the impact of the principal tax change in House Committee Substitute for Senate Bill 71, which would decrease each of the state’s income tax rates by 0.5 percent. Missouri’s income tax rate structure currently starts at 1.5 percent for filers with taxable income below $1,000 and increases in thousand dollar increments […]
Budget Hikes Taxes on Low-Income Families to Pay for High-End Capital Gains Cuts
April 7, 2009 • By ITEP Staff
On Friday, April 3, the Georgia General Assembly passed a budget for fiscal year 2010 that includes a major new tax cut (an exclusion for long-term capital gains income) and a substantial tax increase (eliminating a state-funded property tax relief program). A new analysis by the Washington, DC-based Institute on Taxation and Economic Policy (ITEP) […]
A Capital Idea: Repealing State Tax Breaks for Capital Gains Would Ease Budget Woes and Improve Tax Fairness
March 15, 2009 • By ITEP Staff
This report explains what capital gains are, how they are treated for tax purposes, and who typically receives them. It also details the consequences of providing preferential tax treatment for capital gains income for states’ budgets, taxpayers, and economies in nine key states. Lastly, it responds to claims about both the relationship between capital gains […]
ITEP Testimony on HB 642 Tax Reform Proposal before the New Hampshire General Court House Committee on Ways & Means
March 5, 2009 • By ITEP Staff
I am here today to offer testimony on House Bill 642, which was introduced by Representative Jessie Osborne earlier this year and which would improve New Hampshire’s tax system, both by generating additional revenue and by shifting greater responsibility for such revenue onto those state residents with a greater ability to pay. In the time […]
My testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 567, which concerns reforming the state’s individual income tax structure. In particular, my testimony will discuss the impact of this bill on the overall fairness of Missouri’s tax system. This bill would make the overall tax structure more equitable and […]
ITEP’s Public Comments to the Governor’s 21st Century Tax Reform Commission
September 15, 2008 • By ITEP Staff
We appreciate the opportunity to submit comments on ways to improve Minnesota’s business climate. Historically, Minnesota has ranked above the national average in terms of many economic and social indicators. These public services are what foster economic development and what businesses look for when making location decisions. In fact, “research shows an emerging consensus that […]
Data released late last week by the Internal Revenue Service (IRS) indicate that 10 states have greater concentrations of reported income among their very wealthiest residents than the country as a whole. Unfortunately, the tax systems in those ten states generally ignore that very important reality. Of those ten states: • four lack a broad-based […]
Louisiana lawmakers are in what appears to be an enviable position. At a time when legislators in many other states face daunting budget shortfalls, Louisiana enjoys a projected short-term budget surplus for the upcoming fiscal year. But Louisiana’s tax system remains troubled in one important sense. It is profoundly unfair, imposing much higher effective tax […]
On Wednesday, May 14, 2008, the House Ways and Means Committee approved SB 87, a measure originally sponsored by Senator Buddy Shaw and now backed by Governor Bobby Jindal. The measure would reduce state income taxes by close to $300 million per year, but a new analysis by the Washington, DC-based Institute on Taxation and […]
ITEP Testimony on Combined Reporting, Before the Massachusetts General Court Joint Committee on Revenue
March 5, 2008 • By ITEP Staff
Over the past few months, a strong consensus appears to have developed here in Massachusetts, a consensus that the Commonwealth should put a stop to tax avoidance by large and profitable businesses and adopt a new approach to its corporate excise tax – a method of taxation commonly referred to as combined reporting. I want […]
The tax plan approved by the Maryland General Assembly on Monday will help provide the revenue necessary to fund vital public services in Maryland, but, according to the latest analysis from the Institute on Taxation and Economic Policy (ITEP), working families will bear the brunt of the tax changes contained in the plan. All told, […]
A new analysis of the tax legislation approved by the Senate Budget and Taxation Committee on Tuesday shows that the Senate’s tax changes would impose the largest tax hikes, as a share of income, on low- and middle-income Marylanders. The analysis also shows that the Senate plan’s regressive impact is in sharp contrast to the […]
My testimony today focuses on the sales tax legislation included in the Tax Reform Act of 2007. In particular, my testimony will discuss the impact of the bill’s expansion of the sales tax base to include more services. The proposed changes are an important first step toward a more sustainable Maryland tax system. But, because […]
My testimony today focuses on the proposed changes to Maryland’s personal income tax put forward by Governor O’Malley and the impact that those changes would have on Marylanders at different income levels. Before I present the substance of my analysis of the Governor’s proposal, however, I would like to describe three important contexts for you […]
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.