ITEP – Informing tax policy debate nationwide
ITEP is a nonpartisan research organization that informs tax policy debate nationwide. It provides analysis, data, and recommendations on federal, state, and local tax issues, such as corporate taxes, revenue-raising proposals, and wealth inequality.
Corporate Taxes Before and After the Trump Tax Law – ITEP
2024年5月2日 · This report analyzes the tax rates and savings of 296 large and profitable U.S. corporations from 2013 to 2021, before and after the 2017 tax law. It finds that the tax law reduced their effective rates from 22 to 12.8 percent, with some companies paying less than 10 …
Property Tax Homestead Exemptions - ITEP
2011年9月1日 · Learn how homestead exemptions reduce property taxes for homeowners by sheltering a certain amount of home value from tax. Compare flat dollar and percentage exemptions, and explore their strengths and weaknesses as a property tax relief strategy.
ITEP is a non-profit, non-partisan tax policy organization that conducts distributional analyses of tax and economic proposals. This report ranks all 50 states and the District of Columbia by their tax systems' impact on different income groups, and provides detailed state-by-state profiles.
Low Tax for Whom?: Texas is a “Low Tax State” Overall, But ... - ITEP
2015年9月17日 · Texas ranks 39th in taxes collected as a share of personal income, but its sales and property taxes are among the highest in the nation. The poorest 20 percent of Texans pay 12.5 percent of their income in state and local taxes, while the top 1 percent pay only 2.9 percent.
Study: Undocumented Immigrants Contribute Nearly $100 Billion …
July 30, 2024 Study: Undocumented Immigrants Contribute Nearly $100 Billion in Taxes a Year news release
A Distributional Analysis of Donald Trump’s Tax Plan – ITEP
2024年10月7日 · ITEP estimates the impact of former President Trump's tax proposals on different income groups in 2026. The report finds that Trump's plan would lead to a tax cut for the richest 5 percent and a tax increase for all other groups, with the middle and lowest-income groups facing the largest increases.
2024 Local Tax Ballot Measures: Voters in Dozens of Communities …
6 天之前 · Next month, voters across the country will weigh in on many local ballot measures that will have a profound effect on the adequacy of our local tax systems and whether cities and communities can fund public needs. These are in addition to statewide ballot questions, many of which have local implications this year.
Who Pays? State-by-State Data - ITEP
Select a state by clicking on the map or choosing one from the dropdown. Click on your state for details. Forty-four states’ tax systems exacerbate income inequality. When the lowest-income households pay the greatest proportion of their income …
Corporate Tax Avoidance Under the Tax Cuts and Jobs Act
2021年7月29日 · This report examines how 39 profitable corporations paid no federal income tax and 73 corporations paid less than half the statutory rate from 2018 to 2020 under the TCJA. It explains the loopholes and incentives that enable corporate tax avoidance and the impact on the federal budget and economy.