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Posts by Wesley Tharpe

New Jersey Can Bolster Investment, Boost Fairness With Millionaires’ Tax

June 18, 2019

New Jersey Governor Phil Murphy has proposed shoring up his state’s finances with a new millionaires’ tax — a proven tool to raise revenues for vital investments, such as good public schools, while basing state tax codes more on the ability to pay. But legislative leaders...

Wealthiest N.J. Households Still Get Annual Tax Break Under Millionaires' Tax

Tax Day 2019: Top State Tax Charts

April 9, 2019

April 15 marks the deadline for families and businesses to file their federal income taxes, which support an array of crucial services all over America. But state taxes play an equally crucial role in families’ and communities’ well-being. Different approaches to raising state tax revenue can lessen, or worsen, economic inequality and...

More Than Half of State Tax Revenues Fund Education and Health Care

Plan to Ditch Flat Tax Is Right for Illinois

March 11, 2019

Illinois Governor J.B. Pritzker proposes to replace the state’s regressive flat tax system with a graduated rate structure, which would require a voter-approved constitutional amendment in 2020. Known as the “Fair Tax” plan, it’s a wise course correction to the current...

In Illinois, Lowest-Income Households Pay Highest State and Local Taxes

Stronger Millionaires’ Tax Could Bolster New York’s Future

March 4, 2019

New York Governor Andrew Cuomo proposes to extend the state’s “millionaires’ tax,” which raises $4 billion a year, for five years, but lawmakers should go further by strengthening the tax and making it permanent.

As our recent report explains,...

New York's Economy Has Outperformed Neighbors Since Millionaires' Tax Took Effect

Millionaires’ Taxes a Smart Way for States to Invest in Their Future

February 7, 2019

With the 2019 legislative season starting in most states, some states are discussing whether to raise personal income tax rates on their highest-income households (sometimes called a “millionaires’ tax”) to help fund schools, infrastructure, and other public investments. Our...

Most States That Raised Taxes Had Growth Roughly Equaling or Exceeding Neighbors