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Five Things You Should Know on Tax Day: Findings from Recent CTJ Reports

April 7, 2014 02:31 PM | Permalink | Read this report in PDF. 1. The nation’s tax system is barely progressive ■ A CTJ fact sheet demonstrates that the total share of taxes (federal, state, and local) that will be paid by Americans across the economic spectrum in 2014 is roughly equal to their total […]

Who Pays Taxes in America in 2014?

April 7, 2014 12:02 PM | Permalink | Read this fact sheet in PDF. All Americans pay taxes. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. Everyone who owns or rents a home directly or indirectly pays property taxes. Anyone who shops pays sales taxes in […]

The U.S. Is One of the Least Taxed of the Developed Countries

April 7, 2014 11:36 AM | Permalink | Read this fact sheet in PDF. The U.S. was the third least taxed country in the Organization for Economic Cooperation and Development (OECD) in 2011, the most recent year for which OECD has complete data.  Of all the OECD countries, which are essentially the countries the U.S. […]

The Camp Tax Plan Is a Regressive $1.7 Trillion Tax Cut

April 7, 2014 10:31 AM | Permalink | The Chairman of the House Ways and Means Committee, Dave Camp (R-Mich.), has a tax overhaul plan that would cut the top personal income tax rate down from about 40 percent to 35 percent and slash the corporate tax rate from 35 percent to 25 percent. Camp […]

Another Ryan Budget Gives Millionaires Average Tax Cut of At Least $200,000

April 2, 2014 11:12 AM | Permalink | Read this report in PDF. As in previous years, House Budget Committee Chairman Paul Ryan has released a budget proposal that includes some specific, enormous tax cuts with a vague promise that the amount of revenue collected by the federal government would somehow be unchanged. There is […]

90 Reasons We Need State Corporate Tax Reform

March 19, 2014 09:49 PM | Permalink | Check out the Special “90 Reasons We Need State Corporate Tax Reform” Landing Page As states struggle with tough budget decisions about funding essential public services, profitable Fortunate 500 companies are paying little or nothing in state income taxes thanks to copious loopholes, lavish giveaways and crafty […]

The President's Fiscal Year 2015 Budget: Business Tax Reform Provisions

March 12, 2014 12:00 AM | Permalink | Read this report in PDF. President Barack Obama’s proposed budget for the next fiscal year includes two broad categories of tax provisions. This report describes the provisions proposed by the President as a package of a business tax reforms. Provisions in the budget that mostly benefit individuals […]

The President's Fiscal Year 2015 Budget: Tax Provisions to Benefit Individuals and Raise Revenue

March 12, 2014 12:00 AM | Permalink | Read this report in PDF. The President’s proposed budget for next year includes two broad categories of tax proposals. First are the provisions that mostly benefit individuals and provisions that raise revenue, which are described in this report. Second are the provisions presented by the administration as […]

Testimony: Why Maryland Should Not Cut Its Estate Tax

March 6, 2014 04:42 PM | Permalink | Read this testimony in PDF. Written Testimony Submitted tothe Maryland Senate Budget and Taxation CommitteeIn Opposition to Senate Bill 602March 5, 2014  Thank you for the opportunity to testify on Senate Bill (SB) 602. My name is Richard Phillips. I am a Research Analyst with Citizens for […]

Report Finding Massive Corporate Tax Avoidance Released Same Day as Congressional Plan to Slash Corporate Tax Rate

February 26, 2014 02:47 PM | Permalink | Statement from Robert S. McIntyre, Director of Citizens for Tax Justice on Rep. Camp’s Tax Reform Plan Congressman Dave Camp, the Republican Chairman of the House Ways and Means Committee, released a plan today that would dramatically slash the federal corporate income tax rate from its current […]

The Sorry State of Corporate Taxes

What Fortune 500 Firms Pay (or Don’t Pay) in the USA And What they Pay Abroad — 2008 to 2012 Read the Report in PDF (Includes Company by Company Appendices and Footnotes)   EXECUTIVE SUMMARY Profitable corporations are supposed to pay a 35 percent federal income tax rate on their U.S. profits. But many corporations pay […]

IBM Paid 5.8 Percent Federal Income Tax Rate Over 5 Years

February 7, 2014 10:05 AM | Permalink | Read this report in PDF. International Business Machines (IBM) has paid U.S. corporate income taxes equal to just 5.8 percent of its $45.3 billion in U.S. profits over a five year period from 2008 through 2012. This finding is consistent with recent revelations by reporters Alex Barinka […]

CTJ's Comments on Senate Finance Committee Discussion Draft on International Business Tax Reform

January 17, 2014 09:55 AM | Permalink | Citizens for Tax Justice, January 17, 2014 Read this document in PDF. The Senate Finance Committee’s discussion draft on international tax reform fails to accomplish what should be three goals for tax reform. 1. Raise revenue from the corporate income tax and the personal income tax.2. Make […]

Congress Should Offset the Cost of the "Tax Extenders," or Not Enact Them At All

December 12, 2013 04:56 PM | Permalink | Congress should end its practice of passing, every couple of years, a so-called “tax extenders” bill that reenacts a laundry list of tax breaks that are officially temporary and that mostly benefit corporations, without offsetting the cost. This report explains that none of the tax extenders can […]

Reform the Research Tax Credit -- Or Let It Die

December 4, 2013 12:00 AM | Permalink | Read the full report.Business lobbyists are pushing Congress to enact tax “extenders” — a bill to extend several temporary tax breaks for business that expire at the end of this year. A new report from Citizens for Tax Justice examines the largest of those provisions, the federal […]

American Express Uses Offshore Tax Havens to Lower Its Taxes

November 26, 2013 02:53 PM | Permalink | Read this report in PDF. American Express’s Tax Avoidance Opposed by Most Small Businesses Since 2010, American Express has boosted itself as a supporter of small businesses, by promoting “Small Business Saturday” as a counterpart to Black Friday. But American Express is no friend of American small […]

Boeing, Recipient of the Largest State Tax Subsidy in History, Paid Nothing in State Corporate Income Taxes Over the Past Decade

November 14, 2013 01:19 PM | Permalink | Read this report in PDF. On November 12th, Washington Governor Jay Inslee signed into law the largest state business tax break package in history for Boeing.[1] The new law will give Boeing and its suppliers an estimated $8.7 billion in tax breaks between now and 2040. Even […]

Twitter and Other Tech Firms Poised To Shelter $11 Billion in Profits Using Stock Option Tax Loophole

November 5, 2013 10:31 AM | Permalink | Read this report in PDF. Tax breaks for executive stock options have become an increasingly effective corporate tax-avoidance tool. An April CTJ report identified 280 Fortune 500 corporations that disclosed benefiting from this tax break during the past three years.[i] But for many newer firms that have […]

Tax Reform Details: An Example of Comprehensive Reform

October 23, 2013 10:37 AM | Permalink | Citizens for Tax Justice presents a detailed tax reform plan that accomplishes the goals we set out in an earlier report: raise revenue, enhance fairness, and end tax incentives for corporations to shift jobs and profits offshore. CTJ’s tax reform proposal would accomplish this by ending some […]

Tax Reform Goals: Raise Revenue, Enhance Fairness, End Offshore Shelters

September 23, 2013 01:56 PM | Permalink | Most Americans and politicians probably like the idea of “tax reform,” but not everyone agrees on what “tax reform” means. If Congress is going to spend time on a comprehensive overhaul of America’s tax system, this overhaul should raise revenue, make our tax system more progressive, and […]

Congressman Delaney's "Rebuttal" on His Proposed Tax Amnesty for Offshore Corporate Profits Continues to Misinform

September 11, 2013 01:51 PM | Permalink | Read this report in PDF. In July, a letter[1] signed by thirty national organizations and a report[2] from Citizens for Tax Justice (CTJ) both warned members of Congress about a proposal from Congressman John Delaney of Maryland that would have the effect of rewarding corporations that use […]

FedEx Paid 4.2% Federal Tax Rate over 5 Years

September 5, 2013 04:26 PM | Permalink | Memphis-Based Firm Shifted Hundreds of Millions Offshore Last Year Read this report in PDF. In November of 2011, Citizens for Tax Justice released a report analyzing the federal income taxes paid by hundreds of profitable Fortune 500 corporations during the three-year period between 2008 and 2010. The […]

Corporate-Backed Tax Lobby Groups Proliferating

August 21, 2013 02:27 PM | Permalink | Read this report in PDF In recent years, the corporate tax reform debate in the nation’s capital has been invaded by an army of acronyms such as T.I.E., A.C.T. and R.A.T.E., representing diff¬erent businesses and corporate interest groups. These groups seek to rebrand and build momentum for […]

Reforming Individual Income Tax Expenditures

July 22, 2013 04:58 PM | Permalink | This report evaluates the ten largest tax expenditures for individuals based on progressivity and effectiveness in achieving non-tax policy goals – which include subsidizing home ownership and encouraging charitable giving, increasing investment, encouraging work, and many other stated goals. Read the report (PDF) Want even more CTJ? […]

Presentation: Nuts & Bolts of Corporate Tax Reform

July 19, 2013 12:26 PM | Permalink | The corporate income tax is a progressive source of revenue and Congress should increase this revenue by limiting or eliminating breaks that allow large, profitable corporations to avoid taxation. The most important of these are breaks for corporate profits that are generated offshore or claimed to be […]