
January 31, 2013
(Original Post) Megan Durisin | Jan. 31, 2013, 3:43 PM Why does the wealthiest man in America live in Washington? The answer is in a report released this week by the Institute on Taxation and Economic Policy. Washington’s tax system is the most disjointed in the nation, leaving rich residents — including Bill Gates, the […]
January 31, 2013
Nashville, Tennessee – Like most state tax systems, Tennessee takes a much larger share from middle- and low-income families than from wealthy families, according to the fourth edition of Who Pays? A Distributional Analysis of the Tax Systems in All 50 States, released today by the Washington-based Institute on Taxation and Economic Policy (ITEP) and […]
January 30, 2013
(Original Post) By Laura Conaway – Wed Jan 30, 2013 4:05 PM EST Just about every state’s tax system treats the rich better than the poor, writes the nonpartisan Institute on Taxation and Economic Policy in a new report today. The Institute says the states with the most regressive (read: unfair) tax plans are Washington State, […]
January 30, 2013
(Original Post) Posted by Max Brantley on Wed, Jan 30, 2013 at 9:56 AM Arkansas is on the cusp of a Republican-led charge to reshape taxation. Where they don’t want to cut taxes, they want to dramatically reduce the burden on wealthy taxpayers, by reducing or eliminating the tax on unearned income and by reducing […]
January 30, 2013
(Original Post) Posted by Jeff Woods on Wed, Jan 30, 2013 at 12:54 PM Tennessee might rank near the bottom nationally in education spending, per capita income and nearly every other quality-of-life category ever devised. But we remain near the top in one measure. Our tax system is really great at sticking it to the […]
January 30, 2013
(Original Post) Jan 30, 2013, 1:27pm EST Staff Philadelphia Business Journal Pennsylvania is among the 10 states with the most regressive tax systems in the United States, the Institute on Taxation and Economic Policy says. The group says families in the state earning less than $19,000 a year pay a higher percentage of their incomes, […]
January 30, 2013
POSTED: Wednesday, January 30, 2013, 10:39 AM Follow on Twitter @DanielDenvir Pennsylvania is one of the “Terrible Ten” states with the most regressive tax structures nationwide, hitting the poor hardest while taking the least from the rich, according to a new report from the liberal Pennsylvania Budget and Policy Center (PBPC) and the Institute on […]
January 30, 2013
(Original Post) By Bernie Becker – 01/30/13 07:02 AM ET Practically every state charges a higher share of taxes from lower- and middle-class families than the highest earners, a new study from a liberal-leaning group found. The Institute on Taxation and Economic Policy found that the bottom 20 percent of earners paid an effective tax […]
January 18, 2013
By Paul Hammel WORLD-HERALD BUREAU LINCOLN — Nebraska isn’t the only state looking to eliminate state income taxes. Republican leaders in both Louisiana and North Carolina are pushing plans similar to Nebraska Gov. Dave Heineman’s pitch — elimination of income taxes on individuals and on corporations to boost their local economies. Other states, including Oklahoma, […]
January 17, 2013
(Original Post) November 19th, 2009 by Joe Kristan The Iowa Fiscal Partnership has generated some headlines by passing around their take on a new study by The Institute on Taxation and Economic Policy: Study says Iowa tax system unfair to poor Report: Iowa tax code favors wealthiest residents Report: Iowa tax system hurts low and […]
January 14, 2013
The state budget is the ultimate policy document. It determines how much is spent on programs and services that affect the lives of all South Dakotans. Our schools, health, safety and transportation – and the basic public systems that support them – are the foundation of South Dakota’s current and future prosperity. Investing wisely and […]
January 14, 2013
On Thursday, 1-27-11, the House Taxation Committee heard testimony on HB 1131 – a proposal to take the sales tax off groceries and replace the revenue with an increase on other taxable items. Following testimony, the Committee voted to defer the bill to the 41st legislative day, effectively killing the bill. The SD Budget & […]
January 8, 2013
(PDF of Original Post) November 30, 2009N.E. Editorial Roundup The Associated Press Rutland Herald, Rutland, Vt., Wednesday, Nov. 25, 2009: The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators […]
January 8, 2013
(PDF of Original Post) By Anne Galloway on October 21, 2010 Lt. Gov. Brian Dubie, Vermont‘s Republican candidate for governor, has said reducing taxes is his No. 1 priority. To do that, Dubie has proposed capping state spending at 2 percent – after he reduces next year‘s budget by $112 million. Once the caps are […]
January 8, 2013
(PDF of Original Post) The economic recovery is not occurring as quickly as previously hoped, according to the latest economic reports, which means that when legislators convene in January, the job before them will be daunting. Last week legislators acknowledged that state government faces an $88 million deficit in the coming budget cycle, even without […]
January 8, 2013
(PDF of Original Post) By Richard Locker Originally published 11:28 a.m., November 18, 2009Updated 12:07 a.m., November 19, 2009 NASHVILLE — The Tennessee tax system is the fourth most regressive among the states, with lower-income families paying a higher portion of their income in state and local taxes than do more affluent households, according to […]
January 7, 2013
(PDF of the Original Post) Karen Kraut • April 25, 2010 Imagine this: Your state has the option of reducing its residents’ combined federal tax bills by hundreds of millions of dollars a year while at the same time substantially reducing state taxes for 80 percent of its residents, but it chooses not to do […]
January 7, 2013
(PDF of the Original Post) STAFF REPORTPublished: November 19, 2009 Working families in Pennsylvania pay a far higher share of their income in state and local taxes than their wealthiest counterparts, according to a new study by the Institute on Taxation & Economic Policy (ITEP). In 2007, middle-class earners paid nearly double the share of […]
January 7, 2013
(PDF of the Original Post) By ZACH SCHILLER THE State of Ohio, you may have heard, has a budget problem. The state budget will be billions of dollars short in the two years that start next July 1. It’s easy to attribute this problem to the economy, and that’s certainly part of it. But a […]
January 7, 2013
(PDF of the Original Post) Gov. Andrew Cuomo has rightly argued that painful spending cuts will be needed to close New York’s projected $10 billion deficit. The hard truth is that it is impossible to cut spending deeply without cutting the state’s huge outlays for education and health care. That means that New York’s most […]
January 4, 2013
(PDF of Original Post) By ALAN CHOATELAS VEGAS REVIEW-JOURNAL Nevada’s lack of an income tax means state taxpayers are paying more than they should in federal income taxes, according to a study released Monday. Seven states that rely on sales taxes instead of an income tax could cut sales taxes while implementing an income tax […]
January 4, 2013
(PDF of Original Post) Iowa governor’s race: Candidate views differ on effect of corporate tax cuts By JASON CLAYWORTH • [email protected]• May 9, 2010 Republican governor candidates’ proposals to cut taxes for corporations would result in a smaller state government providing fewer services – and also could introduce greater inequities in Iowa’s tax system, some […]
January 4, 2013
(PDF of Original Post) 1:45 AM, Oct. 30, 2010 | Written byJASON CLAYWORTH Here’s what other groups are saying about state tax cuts. IOWA CHILD & FAMILY POLICY CENTER: It questions the premise of proposing state tax cuts, saying state government cannot further reduce revenues without harming vital services, such as K-12 education and children’s […]
December 21, 2012
(PDF of Original Post) By Birmingham News editorial boardNovember 08, 2009, 6:00AM Imagine that Nick Saban’s Alabama Crimson Tide wins the national championship this year, but only the special-team players — and not the majority of the team — get to celebrate. If you can imagine that, you get a better sense of what it […]
December 21, 2012
Original Post September 26, 2011 by Virginia Young JEFFERSON CITY • Wrestling with your state income tax return? Missouri legislators are weighing a plan that would do away with that chore. But before you celebrate, be aware that it’s not a tax cut. While state individual and corporate income taxes would be eliminated, the lost […]