Oct 7, 2024 · 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 tax increase for all other income groups.

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 consolidation of power and influence. Tax policy offers a powerful means of beginning to address our nation’s stark level of inequality, but current law is …

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 ...

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.

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 · Congress will soon debate provisions from the Trump tax law that are set to expire at the end of 2025, as well as other tax policies that Trump proposed on the campaign trail. Here we examine what’s at stake as lawmakers consider significant changes to our tax system.

Jul 30, 2024 · Contact: Jon Whiten ([email protected]) Immigration policies have taken center stage in public debates this year, but much of the conversation has been driven by emotion, not data. A new in-depth study from the Institute on Taxation and Economic Policy aims to help change that by quantifying how much undocumented immigrants pay in taxes – both nationally and in each state. The study finds that ...

Dec 17, 2024 · As we close out 2024, we want to lift up the tax charts we published this year that received the most engagement from readers. Covering federal, state, and local tax work, here are our top charts of 2024.

Jan 8, 2024 · California Download PDF All figures and charts show 2024 tax law in California, presented at 2023 income levels. Senior taxpayers…

Mar 30, 2023 · The tens of thousands of local governments across the United States act as frontline providers of the essential services that create thriving communities. Well-structured local tax policies support and strengthen this goal, facilitating important investments while advancing fairness and opportunity. This resource offers detailed and interactive information on how localities raise tax revenue ...