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1 Liz Malm & Kyle Pomerleau, Comments on Who Pays: A Distributional Analysis of the Tax Systems in All 50 States (2nd ed.) 1 (2015)

handle is hein.taxfoundation/cowhpys0001 and id is 1 raw text is: TAXO FOUNDATION FISCAL FACT Jan. 2015 No. 447 Comments on Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (Second Edition) By Liz Malm & Kyle Pomerleau Economist Economist Key Findings * The Institute on Taxation and Economic Policy (ITEP) released the fifth edition of its biennial study, Who Pays? A Distributional Analysis of the Tax System in All 50 States. * We find six key issues with the report and its findings. They are: 1. The study isn't focused on the distribution of taxes by income group, but rather, it is focused on how well state and local tax systems redistribute income. 2. The study includes one regressive portion of the federal income tax but fails to include any discussion of the federal income tax as a whole, even though it is highly progressive. 3. The study includes discussion of tax exporting in its explanation of property taxes but doesn't discuss tax exporting as it relates to other taxes. 4. The study ignores severance taxes and broad-based business taxes other than corporate income taxes. 5. The study refers to a problematic report completed by Standard and Poor's to prove its point. 6. The study recommends making tax policy changes that would cause tax revenue volatility and economic harm.