CBO Sees Dramatic Budget Improvements if Congress Stops Passing Tax Cuts
Obama's Right to Target Offshore Tax Dodgers, Wrong to Cut Taxes for Other Corporations
CTJ's Response to the State of the Union Address
What the President’s Council on Jobs and Competitiveness Got Wrong about Corporate Taxes
GOP Presidential Candidates' Tax Plans Favor Richest 1 Percent
State-by-State Figures Included
Corporate Tax Dodging In the Fifty States, 2008-2010
265 Major, Profitable U.S. Corporations’ Tax Avoidance Costs States $42 Billion Over Three Years
Remembering the 1986 Tax Reform Act
CTJ's Role in the Last Major Tax Reform
How to Implement the Buffett Rule
Four Ways to End Wall Street's Free Ride
The Cost of Bush's Tax Cuts for the Rich So Far
National Priorities Project & CTJ Present Running Tally
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The Revenue Impacts of the Buffett Rule and Other Policy Options
The revenue impact of the Buffett Rule, as proposed by President Obama, depends on how it is implemented and whether or not the Bush tax cuts are extended again. Ending the breaks for investment income in the personal income tax would be a more straightforward approach that raises more revenue.
02/01/2012
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The President's Speech: Right about Stopping Offshore Tax Dodgers, Wrong about Cutting Taxes for Other Corporations
During his State of the Union address, President Obama said that "no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas." We couldn't agree more. However, his proposed solutions, which the administration fleshed out with a fact sheet on Wednesday, fail to raise revenue, retain and expand the loopholes that allow corporations to avoid taxes, and mark a further retreat from earlier, stronger proposals.
01/26/2012
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GOP Presidential Candidates' Tax Plans Favor Richest in South Carolina
The cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. Of the tax cuts going to South Carolina residents, almost half or more would go to richest five percent under these plans. The average tax cut received by the richest one percent of the state's residents would be up to 163 times as large as the average tax cut received by middle-income residents of the state.
01/19/2012
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What the President's Council on Jobs and Competitiveness Got Wrong about Corporate Taxes
President Obama's jobs council has released a report full of recommendations, including somewhat misguided points on the federal corporate income tax. The report rightly points out that the corporate income tax is full of loopholes that should be closed, but fails to call for a reform that actually raises revenue to support under-funded public services and investments. The report also perpetuates some misunderstandings about the effects of the U.S. corporate income tax on our economy and on working people.
01/18/2012
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Representation Without Taxation: Fortune 500 Companies that Spend Big on Lobbying and Avoid Taxes
Marking the second anniversary of the Supreme Court's decision in the Citizens United vs. Federal Election Commission case, this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and distort the tax code to avoid billions of dollars in taxes.
01/18/2012
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GOP Presidential Candidates' Tax Plans Favor Richest 1 Percent
State-by-State Figures Included: The cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to almost half. The average tax cuts received by the richest one percent would be up to 270 times as large as the average tax cut received by middle-income Americans.
01/06/2012
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GOP Presidential Candidates' Tax Plans Favor Richest in New Hampshire
The cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. Of the tax cuts going to New Hampshire residents, the share going to the richest one percent would range from a third to 43 percent under these plans. The average tax cuts received by the richest one percent of the state's residents would be up to 200 times as large as the average tax cut received by middle-income residents of the state.
01/06/2012
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GOP Presidential Candidates' Tax Plans Favor Richest Iowans
Three Republican candidates for president have released tax proposals with enough detail for CTJ to estimate their effects, and all three would give greater tax cuts to Iowa's highest earners, whether measured in dollar terms or as a percentage of taxpayer's income. Under any of these three plans - Romney's, Gingrich's or Perry's - the richest one percent of Iowa's taxpayers would receive the largest share of the tax cuts.
01/03/2012
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Corporate Tax Dodging in the Fifty States, 2008-2010
68 of the 265 Fortune 500 companies profiled paid no state corporate income tax in at least one of the last three years and 20 of them averaged a tax rate of zero or less during the 2008-2010 period.
12/07/2011
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State-by-State Figures on Proposed 3.25 Percent Surcharge on Millionaires
The one-fifth of one percent of taxpayers affected by the Senate Democrats' proposed millionaire surcharge would pay 2.1 percent of their incomes in higher taxes, on average, under the proposal.
11/30/2011
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A More Effective Alternative to the Democrats' Payroll Tax Cut
Government spending measures are the best way to reduce unemployment, but if lawmakers insist on using tax policy instead, they should revive the Making Work Pay Credit, as some Senators have discussed recently.
11/30/2011
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State-by-State Estate Tax Figures Show that President's Plan Is Too Generous to Millionaires
Only 0.3 percent of deaths in the U.S. in 2009 resulted in federal estate tax liability. This provides a rough approximation of the impact that President Obama's estate tax proposal would have, because the estate tax rules in effect in 2009 are the same rules that President Obama has proposed to make permanent.
11/18/2011
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Corporate Taxpayers & Corporate Tax Dodgers, 2008-2010
NEW REPORT: 280 Most Profitable U.S. Corporations Shelter Half Their Profits from Taxes. "These 280 corporations received a total of nearly $224 billion in tax subsidies," said Robert McIntyre, Director at Citizens for Tax Justice and the report's lead author. "This is wasted money that could have gone to protect Medicare, create jobs and cut the deficit."
11/03/2011
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How to Implement the Buffett Rule
A change in the Medicare tax that was enacted last year as part of health care reform will take an important but limited first step towards implementing President Obama's "Buffett Rule," the principle that tax laws should not allow millionaires to pay a smaller percentage of their income in federal taxes than do middle-class taxpayers. To further implement the Buffett Rule, Congress could end the existing income tax preference for capital gains and dividends or enact the type of surcharge for income exceeding $1 million that Senate Democrats recently proposed.
10/19/2011
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Fact Sheet: Why Congress Should Reject A "Territorial" System and a "Repatriation" Amnesty
Corporations are lobbying Congress to exempt their offshore profits from U.S. corporate income taxes, either permanently (by enacting a "territorial" tax system) or temporarily (by enacting a "repatriation" amnesty). Congress should reject both.
10/19/2011
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Remembering the Tax Reform Act of 1986
Writing for Tax Notes, Citizens for Tax Justice director Robert McIntyre recalls the role that his organization played in the process that led to the Tax Reform Act of 1986.
10/18/2011
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Herman Cain's "9-9-9 Plan"
If presidential candidate Herman Cain's proposed "9-9-9 tax plan" was in effect today, then the richest one percent of taxpayers would each pay $210,000 less in annual taxes on average, while the poorest 60 percent of taxpayers would each pay about $2,000 more in annual taxes on average, than they do now. Moreover, under the 9-9-9 plan, the United States government would collect about $340 billion less in revenue in 2011 alone.
10/17/2011
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Fact Sheet: Four Ways to End Wall Street's Free Ride
If the following actions were taken, much of the inequity in our tax system, which is part of what's driving the Occupy Wall Street and other affiliated protests, would be eliminated.
10/14/2011
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National Priorities Project & CTJ: The Cost of the Bush Tax Cuts for the Rich
The National Priorities Project, working in partnership with Citizens for Tax Justice, has unveiled a new website that presents a running tally of the cost of the Bush tax cuts for the richest five percent, who now receive almost half of the total tax cuts.
10/14/2011
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State-by-State Figures on Proposed Millionaire Surcharge
Only one-fifth of one percent of U.S. taxpayers would pay the surcharge proposed by Senate Majority Leader Harry Reid to offset the costs of President Obama's jobs bill. These figures show that in the majority of states only one-tenth of a percent of taxpayers would pay the surcharge in 2013. Only in one state would the share of taxpayers paying the surcharge exceed one percent.
10/06/2011
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