Institute on Taxation and Economic Policy (ITEP)

Georgia

CBS News: These states may soon slash their residents’ income taxes

March 15, 2022

Georgia’s House recently approved a bill that would create a flat state income tax with a 5.25% rate, raise the amount of income exempt from taxation and eliminate many deductions. Georgia’s top income tax rate is now 5.75%, which applies to income over $7,000 earned by a single person or income over $10,000 earned by […]

Georgia Budget and Policy Institute: House Proposes Massive Tax Cuts for Wealthiest, Slashing State Revenues

March 14, 2022

Members of the Georgia General Assembly are considering legislation that would fundamentally change the structure of the tax code and result in disproportionately large tax cuts for the wealthiest while hundreds of thousands of families would see tax increases or few benefits. This is due to the package’s proposed flat personal income tax rate and […]

State Rundown 3/9: One State Stands Out Amid the Avalanche of Tax Cuts

The avalanche of regressive tax-cut proposals coming out of state legislatures has not slowed over the course of the winter months, but one state has provided a shot of hope to advocates of tax equity...

Associated Press-Georgia: Tax cut sails through House; findings show big boost to rich

March 9, 2022

But an analysis by the liberal-leaning Georgia Budget & Policy Institute, using modeling by the Institute on Taxation and Economic Policy, shows that 62% of the benefits would go to the top 20% of Georgia tax filers. While the top 1% of Georgia taxpayers, earning more than $575,000 a year, would get 18% of all […]

New 50-State Analysis: Poorest Two-Fifths Would Bear the Brunt of Sen. Rick Scott’s Proposed Tax Increase

“Billionaires are getting richer, and some of them are altogether avoiding taxes or paying a tiny percentage relative to their income and wealth. The 2017 tax law further worsened inequality by giving huge tax breaks to the rich. It’s inconceivable that a lawmaker would propose to single out the most vulnerable households for higher taxes.” --Steve Wamhoff

State-by-State Estimates of Sen. Rick Scott’s “Skin in the Game” Proposal

A proposal from Sen. Rick Scott would increase taxes for more than 35% of Americans, with the poorest fifth of Americans paying 34% of the tax increase.

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State Rundown 3/2: State Tax News When You Need It

March 2, 2022 • By ITEP Staff

State Rundown 3/2: State Tax News When You Need It

ITEP is happy to announce the launch of our new State Tax Watch page, where you can find out about the most up-to-date tax proposals and permanent legislative changes happening across the country...

State Rundown 2/16: Spending Priorities Emerge as the Votes Are Counted

State lawmakers have been busy working out deals and negotiating how best to use excess revenues, and as the votes are beginning to come in, spending priorities are becoming clearer...

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State Rundown 2/10: Dems Also Set Sights on Tax Cuts

February 10, 2022 • By ITEP Staff

State Rundown 2/10: Dems Also Set Sights on Tax Cuts

While record state revenue surpluses have led to big pushes in red states to make unnecessary permanent income and corporate tax cuts, Democrats are also getting in on the tax-cut mania...

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State Rundown 2/2: The First Tax Cut Domino Falls…

February 2, 2022 • By ITEP Staff

State Rundown 2/2: The First Tax Cut Domino Falls…

One-time payments have become a common theme around the country, as Idaho is one of roughly eleven states with plans to provide tax relief in a similar fashion...

State Rundown 1/26: States Offering Preview of Tax Themes and Trends for 2022

Governors and legislators are beginning to settle on and advance tax bills that could drastically shape the future of their states and several trends and themes are beginning to emerge...

State Rundown 1/13: The Tax Cuts Cometh, But There Is a Better Way

As expected, with the start of many new legislative sessions around the country, lawmakers have introduced a slew of tax cut plans following better-than-expected budget outlooks that have, so far, weathered the impact of the pandemic...

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Investing in a Joint Future: Harnessing State Tax Codes

January 10, 2022 • By Aidan Davis

Investing in a Joint Future: Harnessing State Tax Codes

Rather than resorting to tax cuts, which can eventually create revenue shortfalls, lawmakers should determine whether they have adequately invested in people and communities. There are better ways to leverage tax systems to help those who need it most.

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State Rundown 1/5: New Year, Same Old Playbook

January 5, 2022 • By ITEP Staff

State Rundown 1/5: New Year, Same Old Playbook

The new year often brings with it a reinvigorated commitment to new goals and a fresh perspective on how to accomplish them, but it seems like lawmakers in states around the country are giving up already...

State Rundown 12/15: Making Our State Tax Naughty or Nice List & Checking it Twice

As the holiday season kicks into full gear, we’re putting the finishing touches on our State Tax Naughty or Nice list, and it looks like some late entrants are making a good case to be included...

Alex Welch

December 8, 2021 • By ITEP Staff

Alex Welch

Alex leads the organization's graphic design work and content creation for email, social media and website. Prior to joining ITEP, Alex served as the Digital & Media Manager for the Georgia Budget and Policy Institute.

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State Rundown 10/13: Haven Sent Edition

October 13, 2021 • By ITEP Staff

State Rundown 10/13: Haven Sent Edition

The release of the ‘Pandora Papers’ showed once again that states and their tax systems play an important role in wealth inequality, and in this case, worsening it...

Georgia Budget and Policy Institute: How Georgia’s Tax Code Contributes to Racial and Economic Inequality

October 6, 2021

Today, state and local taxes consume a greater share of income earned by Georgians in poverty—who are more likely to be people of color—while the richest pay a far lower share of their income in taxes. As such, Georgians who are among the bottom 20 percent of income earners, those who make less than $20,000 […]

State Income Taxes and Racial Equity: Narrowing Racial Income and Wealth Gaps with State Personal Income Taxes

10 state personal income tax reforms that offer the most promising routes toward narrowing racial income and wealth gaps through the tax code.

Sales Tax Holidays: An Ineffective Alternative to Real Sales Tax Reform

Policymakers tout sales tax holidays as a way for families to save money while shopping for “essential” goods. On the surface, this sounds good. However, a two- to three-day sales tax holiday for selected items does nothing to reduce taxes for low- and moderate-income taxpayers during the other 362 days of the year. Sales taxes are inherently regressive. In the long run, sales tax holidays leave a regressive tax system unchanged, and the benefits of these holidays for working families are minimal. Sales tax holidays also fall short because they are poorly targeted, cost revenue, can easily be exploited, and…

State Rundown 8/4: Tis the Season…for Unnecessary Sales Tax Holidays

It’s beginning to look a lot like that time of year again. That’s right, it’s sales tax holiday season and states across the country are doing their best to induce spending that would probably occur regardless...

State Rundown 5/20: You Learn Something New Every Tax Day

“Tax Day” was earlier this week but the debates, research, and advocacy that determine our taxes and how they are used take place every day of the year...

State Rundown 5/13: States Get Federal Aid and Guidance as Many Sessions Wind Down

We had our noses buried in new American Rescue Plan guidance...when we heard the refreshing news that Missouri leaders are on the verge of modernizing their tax code, not only by becoming the final state to apply sales taxes to online purchases, but also by enacting an Earned Income Tax Credit (EITC)...Meanwhile, tax debates are also highly active in California, Colorado, Louisiana, Maine, and Nebraska. We also share some of our own reporting on recent efforts in Arizona and several other states to undermine voter-approved reforms and democratic institutions themselves.

State Rundown 5/6: April Showers Bring Weeds As Well As Flowers

This week’s state fiscal news brings a reminder that even though advocates for great economic and racial justice have won some major progressive victories recently, anti-tax zealots have been hard at work too. Lawmakers advanced or enacted troubling regressive tax cuts or shifts in Idaho, Kansas, and Montana, and are actively debating them in Iowa, […]

State Rundown 4/29: How You Like Them Washington Apples?

North Carolina lawmakers may have approved a massive tax subsidy giveaway to Apple, but we won’t let that news spoil our barrel this week. Nor will we be discouraged by Connecticut Gov. Ned Lamont’s threats to upset the apple cart full of positive progressive tax reforms state lawmakers recently came together to approve...Why all the optimism? Because the apple of our eye this week is Washington State, where advocates and lawmakers succeeded in a decade-long fight...