Fact Sheets

State Tax Issues on the Ballot on Election Day

From Citizens for Tax Justice

The stakes will be high for state tax policy on Election Day, with tax-related issues on the ballot in several states. With a couple of notable exceptions (a new income tax in Washington and rollback of corporate tax breaks in California), these ballot initiatives would make state taxes less fair or less adequate (or both).

President Obama’s Plan vs. Senate Republicans’ Plan: Impacts on People in Your State and Congressional District State Fact Sheets and Analyses from Citizens for Tax Justice

With both the Bush tax cuts and President Obama’s expansions of certain parts of those cuts set to expire at the end of 2010, the decisions Congress makes in the coming weeks will have very different effects on taxpayers at different income levels, according to a newly updated report from Citizens for Tax Justice.

Stopping the Expansion of the Bush Giveaways to the Rich Doesn’t Impact Small Businesses

A breakdown of what expansion of the Bush tax cuts really means for small business.

Killer Facts on Failure of Bush Economic Policies

A helpful breakdown on what exactly the Bush tax cuts did and did not do.

Refundable Tax Credits

Refundable tax credits are a useful tool for increasing income and rewarding work for low- and middle-income families. Congress has the opportunity this year to promote work and parental responsibility by making permanent the improvements in several tax credits enacted as part of the American Recovery and Reinvestment Act of 2009.

Estate Tax

The federal estate tax is imposed on an estate, not the heirs, when wealth transfers from very large estates. It is a highly progressive tax that raises a significant amount of revenue to fund vital services. The country desperately needs this revenue for education, health, nutrition, and other priorities to promote a competitive workforce and ensure opportunity for every American.

Corporate Income Tax

Federal corporate income taxes, which are levied on corporations’ profits, have declined significantly over the last few decades. Corporate tax receipts accounted for approximately 32 percent of total federal revenues in 1952 but fell to 12 percent of total federal revenue as of 2008 and to just 6.5 percent in 2009.

All Americans Pay Taxes

It was all over the news on Tax Day: 47 percent of Americans don’t pay taxes. This claim was a misleading and just plain wrong analysis of a report from the Tax Policy Center, which estimated that 47 percent of Americans don’t pay federal income taxes. But all Americans pay taxes— federal, and state and local.