ITEP – Informing tax policy debate nationwide
A Distributional Analysis of Donald Trump’s Tax Plan. Former President Donald Trump has proposed a wide variety of tax policy changes. Taken together, these proposals would, on average, lead to a tax cut for the richest 5 percent of Americans and a …
A Distributional Analysis of Donald Trump’s Tax Plan – ITEP
Oct 7, 2024 · The bulk of the personal income tax changes proposed by Trump—especially the extension of temporary tax provisions first enacted as part of the Tax Cuts and Jobs Act of 2017 (P.L. 115-97, often called the “2017 tax law”)—are well within the scope of the ITEP Model’s core competencies. ITEP’s previous report on extending the 2017 tax ...
Study: Undocumented Immigrants Contribute Nearly $100 Billion …
Jul 30, 2024 · On the flip side, for every 1 million undocumented immigrants who are deported, public services stand to lose $8.9 billion in tax revenue. Providing access to work authorization to all current undocumented immigrants would increase their tax contributions by $40.2 billion per year, to $136.9 billion. More than a third of the tax dollars paid by ...
Page 3 | Who Pays? 7th edition About the Institute on Taxation and Economic Policy ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommenda-
Mission & History – ITEP
Mission. 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 revealing how taxes affect people at ...
2024 Local Tax Ballot Measures: Voters in Dozens of Communities …
3 days ago · October 17, 2024. 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 on whether cities and communities can fund public needs. These are in addition to statewide ballot questions, many of which have local implications this year.
Expanded Child Tax Credit is Key to Reducing Child Poverty, New …
Sep 10, 2024 · Expanding the federal Child Tax Credit to 2021 levels would reverse this trend, with no children left out of receiving the credit because their families’ earnings are too low. In all, this expansion would have helped nearly 60 million children this year, with the greatest benefits going to the lowest-income children – particularly children ...
Who Pays? State-by-State Data - ITEP
When the lowest-income households pay the greatest proportion of their income in state and local taxes, gaps between the most affluent and everyone else grow larger. The ITEP Tax Inequality Index measures the effects of each state’s tax system on income inequality by assessing the impact state tax policy has on the post-tax incomes of ...
ITEP Tax Microsimulation Model Overview
The ITEP Tax Microsimulation Model is divided into a set of modules, each of which focuses on a particular type of tax. Each module consists of two broad parts. The first is the microdata set described above. The second is a series of calculators reflecting the laws, policy proposals, and variables to be applied to each record in the microdata.
Tax Payments by Undocumented Immigrants – ITEP
Jul 30, 2024 · Key Findings. Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Most of that amount, $59.4 billion, was paid to the federal government while the remaining $37.3 billion was paid to state and local governments. Undocumented immigrants paid federal, state, and local taxes of $8,889 per person in 2022.