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

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 …

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.

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 22, 2025 · With portions of the Trump 2017 corporate tax giveaways set to expire in 2025, government watchdog Accountable.US and Americans for Tax Fairness today released a damning new report revealing how a small number of top corporations—including familiar names like Apple, Microsoft, and JP Morgan—bring in a huge amount of national profits while paying shockingly little in taxes.

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 …

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.

July 30, 2024 Study: Undocumented Immigrants Contribute Nearly $100 Billion in Taxes a Year news release

Jan 6, 2025 · The reality of President-elect Donald Trump’s goal for mass deportations of undocumented immigrants is beginning to set in. Stephen Miller, Trump’s pick for deputy chief of staff, expressed plans for the administration to begin “the largest deportation operation in American history” shortly after Inauguration Day. While undocumented immigrants continue to be the incoming administration ...