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 …

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

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.

ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems. ITEP’s expertise and data uniquely enhance federal, state, and local policy debates by ...

Read as PDF. Data Available for Download. State-by-State Data and ITEP Tax Inequality Index Map. Executive Summary. Who Pays? is the only distributional analysis of tax systems in all 50 states and the District of Columbia. This comprehensive 7th edition of the report assesses the progressivity and regressivity of state tax systems by measuring effective state …

May 2, 2024 · The Trump tax law slashed taxes for America’s largest, consistently profitable corporations. These companies saw their effective tax rates fall from an average of 22.0 percent to an average of 12.8 percent after the Trump tax law went into effect in 2018.

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 …

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 ...

Apr 16, 2024 · Key Findings. For families of modest means, California is not a high-tax state. California taxes are close to the national average for families in the bottom 80 percent of the income scale.

Dec 17, 2024 · Corporate Taxes Before and After the Trump Tax Law. The Trump tax law that took effect in 2018 marked a major victory for corporations. The law lowered the corporate tax rate to 21 percent, and as a result, most of the nation’s largest corporations saw substantial tax reductions.. America’s largest, consistently profitable corporations saw their effective tax rates fall from an average of ...