The Tax Cuts and Jobs Act, which was introduced on November 2 in the House of Representatives, includes some provisions that raise taxes and some that cut taxes, so the net effect for any particular family’s federal tax bill depends on their situation. Some of the provisions that benefit the middle class — like lower tax rates, an increased standard deduction, and a $300 tax credit for each adult in a household — are designed to expire or become less generous over time. Some of the provisions that benefit the wealthy, such as the reduction and eventual repeal of the estate tax, become more generous over time. The result is that by 2027, the benefits of the House bill become increasingly generous for the richest one percent compared to other income groups.
Idaho
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November 6, 2017 How the House Tax Proposal Would Affect Idaho Residents’ Federal Taxes
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October 4, 2017 GOP-Trump Tax Framework Would Provide Richest One Percent in Idaho with 55.5 Percent of the State’s Tax Cuts
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Idaho equally. The richest one percent of Idaho residents would receive 55.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $457,600 next year. The framework would provide them an average tax cut of $52,540 in 2018, which would increase their income by an average of 3.7 percent.
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August 17, 2017 In Idaho 40.0 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
A tiny fraction of the Idaho population (0.4 percent) earns more than $1 million annually. But this elite group would receive 40.0 percent of the tax cuts that go to Idaho residents under the tax proposals from the Trump administration. A much larger group, 46.0 percent of the state, earns less than $45,000, but would receive just 4.5 percent of the tax cuts.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Idaho with 48 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 Idaho would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,418,700 in 2018. They would receive 48 percent of the tax cuts that go to Idaho’s residents and would enjoy an average cut of $90,670 in 2018 alone.
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ITEP Work in Action January 30, 2017 Idaho Center for Fiscal Policy: House Bill 67
The Idaho Legislature is considering a proposal that would cut top income tax and corporate tax rates. The bill will also eliminate the income tax on the first $750 of… -
media mention February 8, 2016 Idaho Statesman: Idaho income taxes: What would Moyle tax cut bill do?
“The Idaho Center for Fiscal Policy’s analysis showed that Idaho’s wealthiest residents stand to gain the most. The policy center found that the top fifth of earners, with incomes above… -
ITEP Work in Action January 29, 2016 Idaho Center for Fiscal Policy: Analysis and Considerations Related to House Bill 380
“Idaho households with incomes between $41,000 and $64,000 a year would see a $23 decrease in their tax liability, on average. The top 1% – those with incomes of $444,000… -
media mention January 29, 2016 Idaho Statesman: Study: Idaho’s wealthiest gain most under tax cut proposal
“An Idaho tax policy group says a proposed cut in the state’s top income tax rates and bump-up in the food tax credit to help lower-income earners overwhelmingly benefits Idaho’s… -
ITEP Work in Action December 18, 2015 Idaho Center for Fiscal Policy: A Summary of Four Proposals from the Legislature’s Tax Working Group
Idaho has a graduated personal income tax, with rates increasing with household income. This has a balancing effect on the sales and property taxes,which generally cost middle and lower-earning… -
media mention December 15, 2015 The Spokesman Review: For tax cutters, here’s another cold shower
“In terms of distributing the tax burden equally among rich and poor alike, the Institute on Taxation and Economic Policy ranks Idaho’s balanced system of sales, income and property taxes… -
media mention July 13, 2015 State Tax Notes: States Increase Gas Tax in Push for Transportation Funds
In the absence of a national gasoline tax increase, states have been raising their gas taxes to fund long-deferred road maintenance and transportation projects. “I think what’s happening now is… -
media mention July 8, 2015 TI News Daily: Some States Prefer Transportation Over Tax relief
To meet infrastructure needs, several states have had to increase other taxes, such as gasoline taxes. These states include Idaho, Iowa, Georgia, Nebraska, North Carolina, Kentucky, Utah and South Dakota.… -
media mention July 6, 2015 Rapid News Network: Michigan Senate could see road fix funding package today
The Michigan Chamber of Commerce today applauded the Michigan Senate for their leadership in passing a comprehensive plan to fix Michigan’s roads. Gas taxes in six other states are to rise Wednesday,… -
media mention July 6, 2015 Planetizen: State Gas Tax Changes Effective July 1: Six Up; One Down
Carl Davis, Research Director of the Institute on Tax and Economic Policy (ITEP) writes where gas taxes used to fund transportation infrastructure increased, if only by decimal points, and about… -
media mention July 1, 2015 Convenience Store Decisions: Fuel Taxes Increase in Six States
Six states raise fuel levy to fund transportation projects to make up for federal deficits. According to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy… -
media mention July 1, 2015 RTT News: Six States Brace for Higher Gas Tax Rates
Drivers in Idaho, Georgia, Maryland, Rhode Island, Nebraska and Vermont will be charged more at the pump starting July 1, according to the Citizens for Tax Justice and the Institute… -
media mention July 1, 2015 Market Watch: Gasoline Taxes Going Up
Two groups have put together a list of six states in which gasoline taxes will go up beginning Wednesday. Citizens for Tax Justice and the Institute on Taxation and Economic… -
media mention July 1, 2015 Equipment World: Gas Tax Increases for Transportation Funding Start Today in 6 States
The flurry of state gas tax legislation enacted earlier this year now goes into effect for a handful of states across the country, providing an increase in funding for much-needed… -
media mention June 30, 2015 Roll Call: Gas Tax to Rise in Six States Next Month
“On Wednesday July 1, six states will raise their gasoline tax rates. While some drivers may view this as an unwelcome development during the busy summer travel season, the reality… -
media mention June 30, 2015 Spokesman Review: Ready For 7 Cents More At Pumps?
Six states are scheduled to increase their gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and Institute on Taxation and… -
media mention June 30, 2015 Washington Post: Fill The Tank Today
The residents of six states will pay more at the pump starting July 1 as increased gas taxes go into effect. Motorists in Idaho, Georgia, Maryland, Rhode Island, Nebraska and… -
media mention June 30, 2015 Detroit Free Press: Senate Plan for Roads Includes 15-Cent Boost in Gas Tax
LANSING – A 15-cent increase in the tax on gasoline, phased in over three years, would be the centerpiece of a funding plan the state Senate is expected to consider… -
media mention June 29, 2015 The Hill: Six States Increasing Gas Taxes on July 1
Six states are scheduled to increase their gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and Institute on Taxation and… -
media mention April 21, 2015 The Spokesman-Review: Last Idaho Gas Tax Hike? 1995
The Institute on Taxation and Economic Policy notes Idaho is one of 22 states that have gone more than a decade without raising its gas tax. Idaho, which last raised… -
ITEP Work in Action March 27, 2015 Idaho Center for Fiscal Policy: A Complex End-of Session Proposal: Notes on House Bill 311
A new proposal in the Idaho Legislature would dramatically shift the way taxes are collected and generate a new revenue source for roads and bridges. The proposal has several components…