Institute on Taxation and Economic Policy22h
South Florida Sun Sentinel: Editorial: If Property Taxes are Doomed, an Income Tax is Fairer
After years of ranking second or third, Florida is now considered the absolute worst in terms of how much less a percentage of their incomes Donald Trump and other wealthy residents pay compared to ...
Institute on Taxation and Economic Policy1d
The Boston Globe: If the IRS Betrays Immigrants, We All Pay the Price
Millions of immigrants living in the country illegally still pay income taxes every year, contributing billions to federal, state, and local governments, often through the Individual Taxpayer ...
Institute on Taxation and Economic Policy10d
Trump’s Address to Congress Obscures His Actual Tax Agenda
In last night’s address to Congress, President Trump spent more time insulting Americans, lying, and bragging than he did ...
Institute on Taxation and Economic Policy10d
State Rundown 3/6: In the Shadow of Chaotic Federal Policymaking States Seek to Tax the Top, Cut Taxes
Proposals from governors in both New Jersey and Wisconsin include provisions to tax high-income earners. Meanwhile, several ...
Institute on Taxation and Economic Policy12d
High-Rent, Low-Wealth: Addressing the Racial Wealth Gap through a Federal Renter Credit
For many decades, the United States has experienced growing wealth inequality between the richest and poorest households and ...
Institute on Taxation and Economic Policy12d
A Well Targeted Federal Renter Credit Could Help Reduce Wealth Gaps
While lawmakers often speak about income inequality, less attention is paid to wealth inequality. Wealth is distributed even ...
Institute on Taxation and Economic Policy10d
Proposed Missouri Tax Shelter Would Aid the Wealthy, Anti-Abortion Centers Alike
In Missouri, donations to anti-abortion pregnancy resource centers come with state tax credits valued at 70 cents on the ...
Institute on Taxation and Economic Policy5d
New York Times: Musk Suggests His Team Will Scrutinize Social Security and Entitlement Spending
Elon Musk, the world’s richest individual, suggested on Monday that his government cost-cutting team would scrutinize Social Security and ...
Institute on Taxation and Economic Policy6d
Business Insider: Starbucks Likely Avoided Taxes on $1.3 billion in Profit Using a Swiss Subsidiary, a New Report Finds
A little-known Starbucks subsidiary in Switzerland appears to have played a big role in how much the coffee chain paid over the last decade in taxes, according to a new report. On paper, Starbucks ...
Institute on Taxation and Economic Policy4d
State Approaches to Global Intangible Low-Taxed Income (GILTI)
Many states with corporate income taxes include some amount of federally defined Global Intangible Low-Taxed Income (GILTI) in their tax bases. Twenty-one states plus D.C. include some amount of GILTI ...
Institute on Taxation and Economic Policy6d
Centre for International Corporate Tax Accountability and Research: Starbucks’ Swiss Scheme: ‘Fair’ Trading or Global Tax Dodge?
A new report from CICTAR alleges that hidden behind its ‘ethical’ sourcing of coffee beans, Starbucks engages in major global tax avoidance. The report estimates that at least $1.3 billion has been ...
Institute on Taxation and Economic Policy4d
Minnesota Budget Project: Trump’s 2025 Tax Plans Would Hurt Everyday Americans
Trump tax plans – like extending most provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire, special tax breaks for people who earn some kinds of income, or new corporate tax cuts – ...