Oct 7, 2024 · Steve Wamhoff, “Extending Temporary Provisions of the 2017 Trump Tax Law: Updated National and State-by-State Estimates,” Institute on Taxation and Economic Policy, September 13, 2024. Steve Wamhoff, ”The Estate Tax is Irrelevant to More Than 99 Percent of Americans,“ Institute on Taxation and Economic Policy, December 7, 2023. Lester & Rector (2016) find that 37.2

Institute on Taxation and Economic Policy. The Geographic Distribution of Extreme Wealth in the U.S. Excessive concentration of wealth runs counter to our national aspiration for genuine equality of opportunity, and it saps the vitality of our democracy through the …

Jan 17, 2023 · Flat Rate Income Taxes Come with Significant Downsides. Flat taxes consign states to regressive and inequitable taxation that falls far short of the “flat tax” ideal proponents claim to value, and do not advance the economic, budgetary, or simplicity goals commonly used to advocate for their enactment.

Jan 9, 2024 · ITEP Tax Inequality Index. ITEP’s Tax Inequality Index measures the effects of each state’s tax system on income inequality. According to this measure, Connecticut has the 21st most regressive state and local tax system in the country.

Released March 2nd, 2017. A newly updated report released today provides data that helps dispute the erroneous idea espoused during President Trump’s address to Congress that undocumented immigrants are a drain to taxpayers.

Jul 30, 2024 · Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Providing access to work authorization for undocumented immigrants would increase their tax contributions both because their wages would rise and because their rates of …

Dec 12, 2024 · Former President Trump has offered several tax proposals, which are all included in these estimates: Extending the temporary provisions in Trump’s 2017 tax law that will otherwise expire at the end of 2025, except for the $10,000 cap on State and Local Tax (SALT) deductions, which Trump says he would not extend; Exempting certain types of income from taxes (overtime pay, tips, and Social ...

Jan 6, 2025 · Frank Newport, “Americans’ Long-Standing Interest in Taxing the Rich,” Gallup, February 2019. Davis, Carl, et al. “Who Pays?A Distributional Analysis of the Tax Systems in All 50 States, 7th ed.,” Institute on Taxation and Economic Policy, January 2024. Carl Davis, Misha Hill, and Meg Wiehe, “Taxes and Racial Equity: An Overview of …

Oct 23, 2024 · Presidential candidates Kamala Harris and Donald Trump have put forward a wide range of different tax proposals during this year’s campaign. We have now fully analyzed the distributional impacts of the major proposals of both Vice President Harris and former President Trump in separate analyses. In all, the tax proposals announced by Harris would, on average, lead to a tax cut for all income ...

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 …