map April 6, 2023
What Income Tax Subsidies Do States Offer to Seniors?Every state with a personal income tax offers tax subsidies for seniors that are unavailable to younger taxpayers. The best academic research suggests that the median state asks senior citizens…
blog March 23, 2023
States Prioritize Old Over Young in Push for Larger Senior Tax Subsidies
Under a well-designed income tax based on ability to pay, it is simply not necessary to offer special tax subsidies to older adults but not younger families. At the end of the day, your income tax bill should depend on what you can afford to pay, not the year you were born. It’s really as simple as that.
report March 23, 2023
State Income Tax Subsidies for Seniors
State governments provide a wide array of tax subsidies to their older residents. But too many of these carveouts focus on predominately wealthy and white seniors, all while the cost climbs.
blog December 19, 2022
ITEP’s Top 5 Charts of 2022
Covering federal, state, and corporate tax work, here are our top 5 charts of 2022. It’s worth noting that the biggest tax news of 2022 – the adoption of a federal 15 percent corporate minimum tax in the Inflation Reduction Act – should make some of these charts look much better after the new law is implemented.
blog December 14, 2022
Guide to a Potential Year-End Tax Bill in Congress
Any tax legislation enacted before this Congress ends should prioritize policies that have a proven track record of helping workers and children rather than policies that cut taxes for corporations or for individuals who are already well-off. It’s not clear right now whether lawmakers will do that – or whether they will enact any tax legislation at all before the year ends, but here we take a look at the key tax issues that lawmakers are discussing.
blog December 8, 2022
Lawmakers Seek to Extend Tax Break for “Research” that Corporations Use to Develop Frozen Foods, New Beer Flavors, Casino Games and Tax AvoidanceIf Congress creates a tax break to encourage businesses to conduct research that benefits society, should Netflix be eligible for it? There is no shame in binge-watching Stranger Things or…