A tiny fraction of the Florida population (0.7 percent) earns more than $1 million annually. But this elite group would receive 56.3 percent of the tax cuts that go to Florida residents under the tax proposals from the Trump administration. A much larger group, 53.1 percent of the state, earns less than $45,000, but would receive just 3.8 percent of the tax cuts.
Florida
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August 17, 2017 In Florida 56.3 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
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ITEP Work in Action July 21, 2017 Florida Policy Institute: The Growing Divide: Federal Tax Plan Would Give Massive Tax Cuts to Wealthy Floridians as the Poorest Americans Continue to Struggle
The federal tax plan broadly outlined by the current administration would do very little to create opportunities for Floridians struggling to make ends meet. Instead, the tax plan would provide massive tax cuts for Florida’s highest income earners, accordingly to a recent report by the Institute on Taxation and Economic Policy (ITEP). Broadly outlined, the plan is likely to make an already unfair tax system that favors the wealthy even worse.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Florida with 60.4 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Florida would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $2,797,700 in 2018. They would receive 60.4 percent of the tax cuts that go to Florida’s residents and would enjoy an average cut of $193,570 in 2018 alone.
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ITEP Work in Action May 19, 2017 Florida Policy Institute: New Report Finds Shortcomings in Florida’s Scholarship Tax Credit Program
State tax policies are undermining high-quality public education by redirecting public dollars for K-12 education toward private schools via tuition tax credits, according to a new report published by the… -
blog May 17, 2017 Investors and Corporations Would Profit from a Federal Private School Voucher Tax Credit
A new report by the Institute on Taxation and Economic Policy (ITEP) and AASA, the School Superintendents Association, details how tax subsidies that funnel money toward private schools are being… -
report May 17, 2017 Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education
One of the most important functions of government is to maintain a high-quality public education system. In many states, however, this objective is being undermined by tax policies that redirect public dollars for K-12 education toward private schools.
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ITEP Work in Action February 2, 2017 Florida Policy Institute: Florida’s Shadow Budget Needs Greater Scrutiny
Silent spending, in the form of numerous kinds of tax breaks, costs Florida billions of dollars in lost revenue a year. Unlike money spent through the state budget process, this… -
ITEP Work in Action February 2, 2017 Florida Policy Institute: A Citizens Guide to Florida’s Budget
Florida is known worldwide as a vacation destination, but those of us who live here know that the way Florida takes in and spends money affects every aspect of our… -
media mention August 30, 2016 Governing: Back-to-School Tax Holidays Losing Popularity Among Lawmakers
“[Tax holidays] don’t help lower-income people much either, according to the left-leaning Institute on Taxation and Economic Policy (ITEP).” Read more -
media mention August 25, 2016 Florida Times Union: Tonyaa Weathersbee: Broken promises are a reason to vote no on pension sales tax
“According to a 2015 report by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization that examines issues of tax fairness and sustainability, Florida has the second… -
media mention April 19, 2016 Tallahassee Democrat: I am undocumented and I pay my taxes
“The Institute on Taxation and Economic Policy recently estimated that state and local tax revenues would increase by an additional $805 million each year if President Obama’s immigration actions are… -
media mention April 15, 2016 Sun Sentinel: Prosperous but Undocumented
“Of the nation’s estimated 11 million undocumented immigrants, about 1 million are professionals, according to a report from Migration Policy Institute, a nonpartisan think tank based in Washington, D.C. In… -
report September 17, 2015 Low Tax for Whom?: Florida is a “Low Tax State” Overall, But Not for Families Living in Poverty
Annual data from the U.S. Census Bureau appear to lend support to Florida’s reputation as a “low tax state,” ranking it 48th nationally in taxes collected as a share of personal income.1 But focusing on the state’s overall tax revenues has led many observers to overlook the fact that different taxpayers experience Florida’s tax system very differently. In particular, the poorest 20 percent of Florida residents pay significantly more of their income (12.9 percent) in state and local taxes than any other group in the state. For low-income families, Florida is far from being a low tax state.2 In fact, only three states tax their poorest residents more heavily than Florida.
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media mention August 14, 2015 Slate: Don’t Fall for Back-to-School Tax Holidays
If shoppers are simply shifting their spending to save on taxes, that means the states are losing revenue. That’s certainly the position of the Institute on Taxation and Economic Policy,… -
media mention August 7, 2015 TJC News: State Sales Tax Holiday Begins Friday
“Paying more to skip the crowds is a back to school shopping strategy some embraced Thursday before the start of the Texas Sales Tax Holiday weekend. A few examples of… -
media mention July 20, 2015 Sun Sentinel: Businesses Getting Bigger Breaks to Move or Expand
Broward and Palm Beach counties have awarded millions of taxpayer dollars for company relocations or expansions in recent months, including two major deals completed in just the past two weeks.… -
media mention July 13, 2015 Cheat Sheet: 10 Worst States in America for Fair Tax Systems
Americans generally believe that higher income households should pay a greater percentage of their incomes in taxes than lower income households. Yet the exact opposite occurs. The Institute on Taxation… -
media mention June 22, 2015 Washington Post: States are Racing to See Who Can Give Rich People a Bigger Tax Break on Their Yachts
It’s true that lower taxes might bring new customers into the market, which would be great for the yacht industry. Yet every dollar spent on new boats is a dollar… -
ITEP Work in Action April 21, 2015 Integrity Florida: Subsidizing Corporate Tax Dodgers
Thanks to the data provided by CTJ/ITEP, Integrity Florida found that all of the profitable Fortune 500 corporations headquartered in Florida paid state governments in the U.S. on average a… -
ITEP Work in Action March 12, 2015 Florida Center for Fiscal and Economic Policy: Tax Fairness: An Answer to Florida’s Budget Problems
“The Institute on Taxation and Economic Policy ranks Florida as having the second most unfair (or “regressive”) tax system in the nation. High‐income residents pay a far smaller share of… -
media mention February 4, 2015 Palm Beach New Times: Florida Has the 2nd Least Fair Tax System in the Nation
A big selling point to convincing people to move to the Sunshine State has always been that Florida has no state income tax. And that’s true. But the reality is… -
media mention January 16, 2015 Sunshine State News: Florida taxes second-most regressive in US
“Florida’s tax system poses a larger burden on poorer residents than almost any other state, according to a report released Wednesday by policy researchers at the Institute on Taxation and… -
media mention January 16, 2015 The Tampa Bay Times: Florida taxes second-most regressive in US
Florida’s tax system poses a larger burden on poorer residents than almost any other state, according to a report released Wednesday by policy researchers at the Institute on Taxation… -
media mention January 16, 2015 Sun Sentinel: Florida’s taxes weigh heaviest on poor, study says
“Individuals and families at the bottom fifth in income in Florida pay 13 percent of their income in state and local taxes, while the state’s top 1 percent pay only… -
media mention August 6, 2014 Politifact: Nan Rich Makes Claims about State’s Economy, Taxes
In response to questions, Rich said Florida’s tax structure was too regressive. Rich cited a 2013 report by the Institute on Taxation and Economic Policy, which partners with Citizens for…