Tourists pay a share of essential public services through tourist taxes.
So how can states and localities make the most out of that?
The best approach is taxes targeted at visitors and diversifying – not replacing – sources of revenue.
itep.org/how-to-tax-t...
16 states tax their poorest residents at rates higher than California taxes its richest.
That's because more states rely on regressive taxes, which asks more from lower-income households.
California is among the least regressive.
itep.org/low-tax-for-...
How do elites shape tax policy to favor them? How can tax policy better support democracy?
Tax politics has long been tied to questions of democratic inclusion, as author Vanessa Williamson explores in her new book.
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South Carolina will eliminate its income tax over time, with nearly half of the savings flowing to the richest 5%.
The cost? Up to $6.6 billion a year.
That's almost half of the state's current general fund, including education and health services.
itep.org/south-caroli...
How are states addressing the affordability crisis?
Some lawmakers are actually trying to raise taxes on the working class while cutting taxes for the rich.
Missouri is considering replacing its personal income tax with a higher sales tax.
itep.org/missouri-inc...
“This historic move in Washington will help the state prioritize education and child care while ensuring the wealthiest pay their fair share to support these essential services," our State Policy Director Aidan Davis says:
itep.org/historic-mil...
Washington’s millionaires’ tax is an important step toward making the state’s tax system more equitable. itep.org/washington-m...
Washington Gov. Bob Ferguson has officially signed into law a new tax on millionaires.
The 9.9% tax on income above $1 million is projected to raise up to $3 billion in 2029 after it takes effect in 2028.
That money will go towards public education, child care, and expanding the state's EITC.
Who is going to pay for this unpopular war against Iran, which is already tallied up at a cost of at least $200 billion?
@mettlinger.bsky.social argues that the rich and corporations should pay the costs through a temporary targeted tax. itep.org/the-rich-and...
More details about the tax breaks used by Alphabet, Amazon, Meta, and Tesla: itep.org/amazon-alpha...
Almost a decade ago, Trump slashed the corporate income tax rate by nearly a third.
But corporations are paying far below that 21% rate thanks to enormous tax breaks and loopholes.
That's how these four big tech companies paid a collective tax rate of just 4.9% last year.
When gender and racial wealth gaps remain in the economy, Black women experience both.
Policies that include them will mean more care for families, more chances for wealth-building, and more opportunities for success.
itep.org/womens-histo...
Some state lawmakers are considering gas tax holidays to mitigate the price increase, but these savings will hardly reach residents and come with significant costs. itep.org/gas-prices-s...
The Iran war has sent gas prices soaring.
If these price increases continue, American drivers could pay an additional $9.4 billion per month for gasoline.
The South has been hit hardest and is on pace to pay $4.2 billion more per month — nearly half of the nationwide cost.
New Mexico enacted the most significant state corporate tax reform of the year so far.
Other states looking to crack down on corporate tax avoidance should look to New Mexico as a blueprint.
itep.org/states-shoul...
State and local taxes exist primarily to fund public services, but there are multiple ways to reach this goal.
Experts who study taxes generally agree that concepts like fairness and adequacy are central to a good tax system.
itep.org/what-princip...
Alphabet, Amazon, Meta, and Tesla collectively paid only a 4.9% federal income tax rate last year.
How did we get here?
Two rounds of tax changes from President Trump led to minuscule tax rates for these companies and many other profitable corporates.
itep.org/amazon-alpha...
Tax cuts pushed through by the Trump administration last year and in 2017 have made it possible for the fastest-growing companies in the world to pay record-low federal income tax rates. itep.org/trump-meta-t...
Amazon and Meta, after receiving billions in tax breaks and paying miniscule tax rates last year, are now undergoing more layoffs.
These companies collectively reported $168 billion in U.S. profits last year and have a staggering $204 billion in cash on hand.
finance.yahoo.com/news/elizabe...
As we continue to track corporate disclosures for 2025, so far 234 companies have avoided $125 billion in federal income tax on $880 billion in profits. itep.org/corporate-ta...
The CTC still needs bold reform to strengthen the economic security of low- and moderate-income families across the country. itep.org/child-tax-cr...
The income restrictions under the Child Tax Credit still favor wealthier families.
While a small number of children are ineligible for the full credit because their families earn too much, far more children are ineligible because their families earn too little.
Our friends at @itep.org dig into how the Millionaires Tax and the expanded Working Families Tax Credit will have a positive impact on the well-being of people throughout our state and how it will improve our inequitable tax code! #WaLeg #WaGov
Washington state is on its way to enacting a millionaires’ tax.
The plan comes with significant boosts in public education and child care along with more revenue from the wealthiest households that have been paying the lowest tax rates in the state.
itep.org/washington-m...
This tax season, corporations are avoiding billions in taxes — paid for by the largest cuts to SNAP and Medicaid in history under the Republican Tax Law.
See from @itep.org how much billionaires are saving thanks to cuts to our health care and food assistance.
The tax bill Trump signed last year gives $1 trillion in tax cuts to the richest 1% of households over the next decade.
How do Senators Cruz and Scott plan to follow that up? With another $200 billion handout to the rich.
www.washingtonpost.com/business/202...
