Lawmakers in Bismarck were treated last weekend to the largest single day of snowfall the city has ever seen. As state senators begin weighing a bill recently passed by the House that would replace the state’s income taxes with oil revenue, they might want to reflect on how similar oil revenue is to the snow: although both are in extreme abundance right now, both are volatile and unpredictable and will melt away sooner than later. Lawmakers should also consider how eliminating the state’s income taxes might warm the hearts of wealthier North Dakotans but would leave most North Dakota families out in the cold.
North Dakota
-
blog March 11, 2019 North Dakota Senate Should Put the Freeze on House Tax-Cut Plan
-
October 17, 2018 North Dakota: Who Pays? 6th Edition
NORTH DAKOTA Read as PDF NORTH DAKOTA STATE AND LOCAL TAXES Taxes as Share of Family Income Top 20% Income Group Lowest 20% Second 20% Middle 20% Fourth 20% Next… -
September 26, 2018 Tax Cuts 2.0 – North Dakota
The $2 trillion 2017 Tax Cuts and Jobs Act (TCJA) includes several provisions set to expire at the end of 2025. Now, GOP leaders have introduced a bill informally called… -
December 16, 2017 How the Final GOP-Trump Tax Bill Would Affect North Dakota Residents’ Federal Taxes
The final tax bill that Republicans in Congress are poised to approve would provide most of its benefits to high-income households and foreign investors while raising taxes on many low-… -
December 6, 2017 How the House and Senate Tax Bills Would Affect North Dakota Residents’ Federal Taxes
The House passed its “Tax Cuts and Jobs Act” November 16th and the Senate passed its version December 2nd. Both bills would raise taxes on many low- and middle-income families in every state and provide the wealthiest Americans and foreign investors substantial tax cuts, while adding more than $1.4 trillion to the deficit over ten years. The graph below shows that both bills are skewed to the richest 1 percent of North Dakota residents.
-
November 14, 2017 How the Senate Tax Bill Would Affect North Dakota Residents’ Federal Taxes
The Senate tax bill released last week would raise taxes on some families while bestowing immense benefits on wealthy Americans and foreign investors. In North Dakota, 44 percent of the federal tax cuts would go to the richest 5 percent of residents, and 2 percent of households would face a tax increase, once the bill is fully implemented.
-
November 6, 2017 How the House Tax Proposal Would Affect North Dakota Residents’ Federal Taxes
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.
-
October 4, 2017 GOP-Trump Tax Framework Would Provide Richest One Percent in North Dakota with 55.8 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 North Dakota equally. The richest one percent of North Dakota residents would receive 55.8 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $693,800 next year. The framework would provide them an average tax cut of $111,620 in 2018, which would increase their income by an average of 6.5 percent.
-
August 17, 2017 In North Dakota 44.5 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
A tiny fraction of the North Dakota population (0.5 percent) earns more than $1 million annually. But this elite group would receive 44.5 percent of the tax cuts that go to North Dakota residents under the tax proposals from the Trump administration. A much larger group, 42.2 percent of the state, earns less than $45,000, but would receive just 3.9 percent of the tax cuts.
-
July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in North Dakota with 51.3 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 North Dakota would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,714,800 in 2018.
-
media mention January 5, 2015 Grand Forks Herald: Higher Gas Tax Needed for Safe, Efficient Highways
he Institute on Taxation and Economic Policy has proposed the most logical and realistic analysis of and recommendation on this tax issue. The full report should be reviewed by everyone,… -
ITEP Work in Action January 15, 2013 Center on Budget and Policy Priorities: North Dakota’s Measure 2 is Imbalanced and Would Harm Efforts to Secure State’s Economic Future
North Dakota’s proposed Measure 2, a major change to the state’s income tax that will appear on the November ballot, would be detrimental to the state for three principal reasons:… -
ITEP Work in Action January 14, 2013 North Dakota Economic Policy Project: Proposed Rate Cuts Would Make North Dakota Tax System More Unfair
“North Dakota Legislators are proposing nearly a half billion dollars in tax cuts, reductions and exemptions this session. Some of those tax breaks may be warranted, but they should be… -
ITEP Work in Action January 14, 2013 North Dakota Economic Policy Project: Revised Analysis of 2011 Individual Income Tax Reductions
“North Dakota Legislators passed nearly a half billion dollars in tax cuts, reductions and exemptions this session. Some of those tax breaks may have been warranted, but they should have… -
media mention January 7, 2013 Minot Daily News: To tax or not to tax
(PDF of the Original Post) By JILL SCHRAMM, Staff Writer [email protected] Taxpayers will be in a position to measure the success of the Legislature’s property-tax relief package when tax statements…