
January 8, 2013
(PDF of Original Post) NEAL PEIRCE © WASHINGTON POST WRITERS GROUPPublished: September 20, 2009 WASHINGTON In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut is the latest to take this step, following Delaware, Hawaii, […]
January 7, 2013
(PDF of Original Post) July 16, 2009 BY BRIAN MILLER One hundred years ago, on July 17, 1909, Sen. William E. Borah, R-Idaho wrote the words, “The income tax is the fairest and most equitable of the taxes. It is the one tax which approaches us in the hour of prosperity and departs in the […]
January 7, 2013
(PDF of the Original Post) By Nick Budnick / The Bulletin Published: January 14. 2010 4:00AM PST SALEM — Both sides of the tax battle over the Jan. 26 ballot argue that they, and not their opponent, are the champions of tax fairness in Oregon. The union-backed coalition that is supporting Measures 66 and 67, […]
January 7, 2013
(PDF of the Original Post) By Froma Harrop A daffy Wall Street Journal editorial about the “vanishing millionaires” of Oregon lit a spark in a fairly humorless week. It offers the usual boilerplate about the rich fleeing to tax-friendlier provinces because their state raised taxes, but this time with a great visual: “One-quarter of the […]
January 4, 2013
(PDF of Original Post) By Sharon Schmickle | Wednesday, May 12, 2010 Sure, you’ve heard it before: Gov. Tim Pawlenty vetoes yet another DFL bid to close the state’s budget chasm by raising income taxes on high earners. But the tax issue has many lives in this election year when the Independence Party’s gubernatorial endorsee, […]
January 4, 2013
(PDF of Original Post) TUESDAY, NOVEMBER 24, 2009 By Stateline.org Staff Reports A headline in this morning’s Baltimore Sun — “Maryland lost nearly 30% of millionaires last year” — is sure to revive a debate over the higher tax rates that Free State legislators imposed on millionaires in 2008. At least eight other states this […]
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
(Original Post) Posted: 03/31/11 09:21 PM ET Virtually every state in the country has a tax system that heavily favors the rich. Despite this fact, only a handful of states responded to the revenue slump brought on by the Great Recession with any sort of tax increase on this favored group. What gives? With so […]
January 3, 2013
(PDF of Original Post) 1-cent hike in sales tax taking effect Wednesday, vehicle license fee jumps in May; income tax already went up By GUY KOVNER THE PRESS DEMOCRAT Published: Sunday, March 29, 2009 at 2:32 p.m. The rancor in Sacramento over balancing California’s budget has subsided, at least for the time being. Now Californians […]
December 21, 2012
(Original Post) The Sunday Oregonian (Portland, Oregon) September 20, 2009 SundaySunrise Edition TAXING THE RICH It’s not class warfare, it’s just common sense NEAL PEIRCE In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut […]
December 21, 2012
Original Post By Mark EnglerMay 24, 2011 In 2009, when then-New York Gov. David Paterson signed a temporary tax increase on the state’s wealthiest individuals — one of the so-called “millionaire’s taxes” that have passed in recent years in select states across the country — at least one multimillionaire was not happy. Rush Limbaugh proclaimed […]
December 19, 2012
(Original Post) by Chris Lehman December 6, 2011 Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That’s one of the findings of a report issued Wednesday by a liberal think tank. The report examined federal Securities and Exchange Commission filings from […]
December 19, 2012
(Original Post) Date: Thursday, December 8, 2011, 2:39pm PST – Last Modified: Friday, December 9, 2011, 6:44am PST Andy Giegerich Business Journal staff writer – Portland Business Journal Intel Corp. and a state research group disagree over whether the Portland area’s largest private employer has paid state income taxes. The disagreement stems from a report […]
December 19, 2012
(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]
December 17, 2012 • By ITEP Staff
“It’s essential that Oregonians recognize the important contribution undocumented workers make to our state’s economy. Undocumented immigrants perform vital work in certain industries. Together they earn roughly $2.3 billion to $4.5 billion a year, much of it undoubtedly spent on goods and services purchased from Oregon businesses. And beside labor and purchasing power, undocumented immigrants […]
December 17, 2012
(Original Post) Tuesday, February 28, 2012 If Illinois were to adopt the same graduated income tax rate structure as Iowa, Illinois would raise $6.3 billion more in revenue than it does from its current five percent flat rate, while 54 percent—over half—of all taxpayers would pay less in state income taxes…from The Case for Creating […]
December 17, 2012
Posted on Tuesday, April 03, 2012 By Gene Meyer | Kansas Reporter TOPEKA — Gov. Sam Brownback and state lawmakers say they want to cut income taxes. So what? tax mavens say. The state government will get its money. Somewhere. Somehow. “True tax reform has to be a combination of reduced tax rates and spending […]
December 17, 2012
Monday, April 23, 2012 | 10:21 a.m. CDT BY St. Louis Post-Dispatch Forty-four of the 50 states in the nation don’t allow it. Missouri does, and in 2011, the practice denied state agencies nearly $400 million that Missourians desperately needed for health care, education, infrastructure and other essential services in every part of the state. […]
December 17, 2012
(Original Post) By Brian Chappatta on June 25, 2012 Governors seeking to expand their economies by eliminating income taxes find little support for the idea in the record of U.S. states that lack such a levy. The BGOV Barometer shows the nine states with the highest personal income taxes on residents outperformed or kept pace […]
December 17, 2012
(Original Post) By Pat Garofalo on Jun 26, 2012 at 10:30 am According to a report from the Institute on Taxation and Economic Policy, states without an income tax received no discernible boost in growth over the last decade compared to states with relatively high income taxes. Lacking an income tax provided no boost to […]
December 17, 2012
(Original Post) June 29, 2012 | 11:23 AMBy Emily Corwin A couple of weeks ago, Arthur Laffer — an economist made famous for his work in the Reagan administration — co-wrote an opinion piece for the Wall Street Journal warning that the expiration of federal tax cuts in January puts the country on the verge […]
August 1, 2011 • By ITEP Staff
As states continue to grapple with the impact of the most recent economic downturn, the budget revenue outlook for many states remains bleak. In this context, states must find ways to generate additional revenue without increasing the tax load on individuals and families struggling to make ends meet. For six states--Alabama, Iowa, Louisiana, Missouri, Montana, and Oregon--one straightforward approach would be to repeal the deduction for federal income taxes paid. Repealing the deduction would help these states reduce their budgetary gaps and make their tax systems less unfair. This policy brief explains how the deduction for federal income taxes works…
March 10, 2011 • By Carl Davis, Meg Wiehe
The budget outlook for state governments is bleak. Despite evidence that revenues are rebounding, there is a general acknowledgement that ?broad fiscal conditions remain fragile. The need for public investments—particularly health care for low-wage or unemployed workers and their families—is greater than ever. An increasing number of states are struggling to keep their fiscal year […]
December 22, 2010 • By Carl Davis
The Wall Street Journal recently published an editorial suggesting that a 2 percentage point increase in Oregon’s top income tax rate caused up to 10,000 wealthy Oregonians to flee the state. In support of its claim, the Journal points to new data showing that 10,000 fewer Oregonians were affected by this tax increase than the […]
October 5, 2000 • By ITEP Staff
Oregon is one of nine states that currently allow taxpayers to claim federal income taxes paid as a deduction on personal income tax forms. Under current law, Oregon taxpayers can deduct up to $3,000 of federal personal income tax on their Oregon tax returns. This analysis assesses the impact of two possible changes to the […]