
January 30, 2013
(Original Post) Jan 30, 2013, 1:27pm EST Staff Philadelphia Business Journal Pennsylvania is among the 10 states with the most regressive tax systems in the United States, the Institute on Taxation and Economic Policy says. The group says families in the state earning less than $19,000 a year pay a higher percentage of their incomes, […]
January 30, 2013
POSTED: Wednesday, January 30, 2013, 10:39 AM Follow on Twitter @DanielDenvir Pennsylvania is one of the “Terrible Ten” states with the most regressive tax structures nationwide, hitting the poor hardest while taking the least from the rich, according to a new report from the liberal Pennsylvania Budget and Policy Center (PBPC) and the Institute on […]
January 30, 2013
(Original Post) By Bernie Becker – 01/30/13 07:02 AM ET Practically every state charges a higher share of taxes from lower- and middle-class families than the highest earners, a new study from a liberal-leaning group found. The Institute on Taxation and Economic Policy found that the bottom 20 percent of earners paid an effective tax […]
January 25, 2013
(Original Post) By JOHN ELIGONPublished: January 23, 2013 TOPEKA, Kan. — President Obama stood on the steps of the Capitol in Washington on Monday afternoon and laid out an expansive liberal agenda for the nation. Inside the Kansas State Capitol here this week, Gov. Sam Brownback and Republican legislators have been drafting what could be […]
January 25, 2013
(Original Post) Larry Copeland, USA TODAY7:47a.m. EST January 25, 2013 A great tax debate is breaking out in state capitals from Vermont to Texas: How do we maintain and expand our vital-but-aging networks of roads, bridges and urban transit systems? For nearly a century, the nation has funded projects primarily with revenue from gasoline taxes. […]
January 18, 2013
By Paul Hammel WORLD-HERALD BUREAU LINCOLN — Nebraska isn’t the only state looking to eliminate state income taxes. Republican leaders in both Louisiana and North Carolina are pushing plans similar to Nebraska Gov. Dave Heineman’s pitch — elimination of income taxes on individuals and on corporations to boost their local economies. Other states, including Oklahoma, […]
January 17, 2013
(Original Post) November 19th, 2009 by Joe Kristan The Iowa Fiscal Partnership has generated some headlines by passing around their take on a new study by The Institute on Taxation and Economic Policy: Study says Iowa tax system unfair to poor Report: Iowa tax code favors wealthiest residents Report: Iowa tax system hurts low and […]
January 14, 2013
The number of Floridians living below the federal poverty level increased between 2007 and 2009 by almost 550,000 – equal to the population of the cities of Orlando and Tampa combined. New U.S. Census figures show about 2.7 million Floridians, or 14.9 percent, lived in poverty in 2009, a sharp rise over 2007’s 12.1 percent. […]
January 14, 2013
Florida’s state tax structure has become even more heavily weighted against the poor and middle class, even as the numbers of poor and near-poor Floridians increase and the share of income held by the wealthy continues to rise.1 Choices made by state political leaders and Congress in the last decade have made Florida’s tax structure […]
January 14, 2013
Economists, public administration professionals, and governmental experts agree on several requirements for a sound tax system at any level of government. These requirements include adequacy, fairness, efficiency, and simplicity. The National Conference on State Legislatures includes the last three of these in their publication entitled “Principles of a High-Quality State Revenue System.” They did not […]
January 14, 2013
The current emphasis in Tallahassee on cutting state taxes obscures important facts about Florida’s state tax system and about choices available to balance the budget and meet the needs of Floridians. When Governor Rick Scott unveils his first budget proposal Monday, it is expected to include a reduction in the corporate income tax rate and […]
January 14, 2013
“This initial report examines a small portion of the many “economic development incentive” programs funded by the legislature that direct tens of millions of tax dollars each year to corporations under the guise of job creation. Whether the subsidies work often is open to question. Official state reports suggest that half or more of the […]
January 8, 2013
(PDF of Original Post) November 30, 2009N.E. Editorial Roundup The Associated Press Rutland Herald, Rutland, Vt., Wednesday, Nov. 25, 2009: The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators […]
January 8, 2013
(PDF of Original Post) By Anne Galloway on October 21, 2010 Lt. Gov. Brian Dubie, Vermont‘s Republican candidate for governor, has said reducing taxes is his No. 1 priority. To do that, Dubie has proposed capping state spending at 2 percent – after he reduces next year‘s budget by $112 million. Once the caps are […]
January 8, 2013
(PDF of Original Post) The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators acknowledged that state government faces an $88 million deficit in the coming budget cycle, even without […]
January 8, 2013
(PDF of Original Post) 07:44 AM CST on Thursday, November 19, 2009 By ROBERT T. GARRETT / The Dallas Morning [email protected] AUSTIN – Texas’ low-income residents bear heavier tax burdens than their counterparts in all but four other states, a new study shows. The bottom fifth of Texas earners pay just over 12 percent of […]
January 8, 2013
(PDF of Original Post) By Richard Locker Originally published 11:28 a.m., November 18, 2009Updated 12:07 a.m., November 19, 2009 NASHVILLE — The Tennessee tax system is the fourth most regressive among the states, with lower-income families paying a higher portion of their income in state and local taxes than do more affluent households, according to […]
January 7, 2013
(PDF of the Original Post) Karen Kraut • April 25, 2010 Imagine this: Your state has the option of reducing its residents’ combined federal tax bills by hundreds of millions of dollars a year while at the same time substantially reducing state taxes for 80 percent of its residents, but it chooses not to do […]
January 7, 2013
(PDF of the Original Post) STAFF REPORTPublished: November 19, 2009 Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy (ITEP). In 2007, middle-class earners paid nearly double the share of […]
January 4, 2013
(PDF of Original Post) By ALAN CHOATELAS VEGAS REVIEW-JOURNAL Nevada’s lack of an income tax means state taxpayers are paying more than they should in federal income taxes, according to a study released Monday. Seven states that rely on sales taxes instead of an income tax could cut sales taxes while implementing an income tax […]
January 4, 2013
(PDF of Original Post) By Spencer WillemsMay 19, 2009 | 12:01 a.m. CDT COLUMBIA — Increasing frustration over Missouri’s 90-year-old income tax has prompted legislators to begin pushing an alternative that to date has been little more than a fringe issue on the national political scene. Although the proposal to let voters decide whether to […]
January 4, 2013
(PDF of Original Post) Posted: Friday, October 1, 2010 12:00 am Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income By Rebecca S. Rivas of The St. Louis American St. Louis American | 0 comments For Missourians who make $17,000 or less, about six percent of their income […]
January 4, 2013
(PDF of Original Post) Mar. 11 2011 – 4:57 pm The quest for influence, power and control at all levels of government has long played out through large political contributions and the big bucks paid to lobbyists to accomplish special interest objectives. And while the game has often been ‘rigged’ to benefit the wealthy in […]
January 4, 2013
(PDF of Original Post) Elizabeth Marsh Cupino Originally published December 10, 2009 Set up a roadblock. Put out an APB. Maryland’s comptroller has reported that the number of millionaires in the state dropped by 30 percent in 2008 and that some wealthy residents might be trying to make a break for it. We can’t have […]
January 4, 2013
(PDF of Original Post) The Register’s editorial The political debate over taxes these days ranges from “We will not raise taxes” to “We will cut taxes.” There is little interest, it seems, in raising taxes, but there should at least be interest in the idea that taxes ought to be fair. By fair, that means […]