Tennessee
-
media mention April 25, 2016 Knoxville News Sentinel: Looking back at 2016’s busy legislative session in Tenn.
“The progressive Institute on Taxation and Economic Policy says the reduction and repeal would make Tennessee’s tax system more regressive, with most Tennesseans getting little or no benefit. Meanwhile, Tennessee… -
media mention April 22, 2016 Brentwood Home Page: Brentwood decreasing dependence on Hall Tax revenue as legislators debate elimination
“According to a study by the Institute on Taxation and Economic Policy, the vast majority of Tennesseans would see little to no benefit from a repeal of the Hall Tax… -
media mention April 20, 2016 The Tennessean: Senate approves bill reducing Hall tax to 5 percent
“While several Republicans reveled in the effort to cut the tax, the Institute on Taxation and Economic Policy criticized their efforts, saying the majority of Tennesseans will see no financial… -
report February 23, 2016 Tennessee Hall Tax Repeal Would Overwhelmingly Benefit the Wealthy, Raise Tennesseans’ Federal Tax Bills by $85 Million
Read PDF of report. Tennessee lawmakers are giving serious consideration to repealing their state’s “Hall Tax” on investment income (so named for the state senator who sponsored the legislation creating… -
report September 17, 2015 Low Tax for Whom?: Tennessee is a “Low Tax State” Overall, But Not for Families Living in Poverty
Annual data from the U.S. Census Bureau appear to lend support to Tennessee’s reputation as a “low tax state,” ranking it 50th nationally in taxes collected as a share of personal income.1 But focusing on the state’s overall tax revenues has led many observers to overlook the fact that different taxpayers experience Tennessee’s tax system very differently. In particular, the poorest 20 percent of Tennessee residents pay significantly more of their income (10.9 percent) in state and local taxes than any other group in the state. For low-income families, Tennessee is far from being a low tax state.2 In fact, only thirteen states tax their poorest residents more heavily than Tennessee.
-
media mention July 13, 2015 Cheat Sheet: 10 Worst States in America for Fair Tax Systems
Americans generally believe that higher income households should pay a greater percentage of their incomes in taxes than lower income households. Yet the exact opposite occurs. The Institute on Taxation… -
media mention July 6, 2015 Huffington Post: How Some States Are Trying To Fix Their Crumbling Infrastructure
Carl Davis, research director at the Institute on Taxation and Economic Policy, said efforts to raise state taxes to pay for roads and bridges exploded this year. In 2013 and… -
ITEP Work in Action January 20, 2015 Tennessee Comptroller of the Treasury: Tennessee Transportation Funding
This report is in response to a 2014 request from the Fiscal Review Committee of the Tennessee General Assembly. The purpose of this study is to provide an overview of… -
media mention January 20, 2015 Chattanooga Times Free Press: She Still Struggles But Now She Has Hope
Georgia and Tennessee are not among the 29 states to pass legislation boosting the minimum wage above the federal rate of $7.25 per hour. A report released last week by… -
media mention December 12, 2014 Nashville Scene:The State GOP Takes Aim at the Hall Tax
According to a study by the nonpartisan Institute on Taxation and Economic Policy, nearly two-thirds of this tax cut would flow to the wealthiest 5 percent of the state’s taxpayers.… -
media mention November 17, 2014 The Times Free Press: A Taxing Question
The Institute on Taxation and Economic Policy, a liberal-leaning think tank, last spring estimated that if the Hall tax were eliminated, Tennessee’s wealthiest residents with annual incomes of $970,000 would… -
media mention November 3, 2014 Memphis Daily News: Why Are Tennesseans so Afraid of an Income Tax?
Six of the nine state states without a state income tax – Tennessee, Texas, Florida, Washington, Alaska and Nevada – have had higher than average annual unemployment rates over the… -
media mention September 22, 2014 Knoxville News Sentinel: Moves to Repeal Hall Income Tax Begin
The Institute on Taxation and Economic Policy did an analysis earlier this year that found wealthy residents — income averaging $970,000 per year — would receive “a whopping 63 percent… -
media mention August 20, 2014 The Motley Fool: The 5 States with the Highest Sales Tax
By Jeremy Bowman: Nearly every state in the union charges a sales tax, and the tax levied on goods and services sold at the retail level is just one of… -
media mention July 9, 2014 WZTV: Facebook Gets Refund Without Paying Taxes
“The Institute on Taxation and Economic Policy reports these large companies like Facebook pay their executives in stock options instead of cash which doesn’t cost the company a dime yet… -
media mention April 8, 2014 The Tennessean: Hall tax cut gets new push
(Original Post) 5:07 p.m. CDT April 7, 2014 Tennessee lawmakers are seriously considering a new proposal to roll back the state’s tax on investments, even as they wrestle with a… -
report March 24, 2014 Tennessee Hall Tax Repeal Would Overwhelmingly Benefit the Wealthy, Raise Tennesseans’ Federal Tax Bills by $60 Million
A new analysis performed using the ITEP Microsimulation Tax Model shows that the vast majority of Tennesseans would see very little benefit from Hall Tax repeal. Nearly two-thirds (63 percent) of the tax cuts would flow to the wealthiest 5 percent of Tennessee taxpayers, while another quarter (23 percent) would actually end up in the federal government’s coffers. Moreover, if localities respond to Hall Tax repeal by raising property taxes, some Tennesseans could actually face higher tax bills under this proposal.
-
report September 19, 2013 Tennessee is a “Low Tax State” Overall, But Not for Families Living in Poverty
Read the Report in PDF Form See all “Low Tax for Who?” states New data from the Census Bureau appear to lend support to Tennessee’s reputation as a “low tax… -
media mention February 7, 2013 Bristol Herald Courier: Non-wealthy Tennessee families face high tax burdens, report says
(Original Post) Posted: Wednesday, February 6, 2013 12:02 pm | Updated: 2:27 pm, Wed Feb 6, 2013. BRISTOL HERALD COURIER Posted on February 6, 2013 by Roger Brown BRISTOL, Tenn.… -
media mention January 31, 2013 The Paris Post-Intelligencer: The poor paying more, study of taxes declares
(Original Post) Published: Thursday, January 31, 2013 11:29 AM CSTIt’s hardly new information, but it bears repeating from time to time to make sure we don’t forget: Tennessee’s tax system… -
media mention January 31, 2013 Knox News: TN Taxes Hardest on Middle and Low-income Families
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… -
media mention January 31, 2013 The Tennessean: New study calls Tennessee’s tax system ‘unfair’
Written by Bobby Allyn The Tennessean Tennessee is often championed as a low-tax state. But for struggling families, it might not be among the fairest. As a percentage of income,… -
media mention January 30, 2013 Nashville Scene: We’re No. 6 in Unfair Taxes
(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… -
ITEP Work in Action January 15, 2013 Tennesseans for Fair Taxation: Tax Modernization & Economic Stimulus Act
This plan will provide much needed tax breaks to 60% of Tennesseans, those low- and middle-income families most likely to put that money back into the local economy. For example:… -
ITEP Work in Action January 14, 2013 Tennesseans for Fair Taxation: The Real Budget Deficit: A Call to Invest in Tennessee, its Communities, and its People
Instead of being the leader we should be, Tennessee trails the nation, and the region, in these key public investments. The consequences are evident. We’re 45th in high school graduation…