The middle 20% of Americans will pay an average of about $1,700 more in 2026, while the poorest 20% will pay roughly $750 more.

The richest 1%, meanwhile, will pay an average of about $12,560 less.
itep.org/impact-of-tr...

The Trump administration wants Americans to disclose their citizenship status to the IRS.

Along with tax credit restrictions on noncitizens, this administration continues to try to reshape the tax code to target immigrant families.
apnews.com/article/irs-...

itep.org/iran-war-fue...

White households are 91% of the wealthiest 1%.

Taxing the rich isn't just good fiscal policy. It's one of the most powerful tools we have for advancing racial equity.

Taxing the rich isn't just good policy. It's racial equity. ⬇️
itep.org/new-state-ta... @itep.org

Taxing the rich helps fund vital public services and makes tax codes fairer.

It's also one of the most effective tools available for advancing racial equity.

Four states this year passed new tax laws showing how this can be done.
itep.org/new-state-ta...

Meta paid just 3.5% of its profits in federal corporate income taxes last year.

Part of that is due to claiming the research tax credit to pay for the equipment it uses in data centers to power its AI activities.
itep.org/metas-outlan...

Analysis from @itep.org shows that the rise in fuel prices caused by Trump’s war on Iran has cost the average American family $750 already—and could top $1,300 by the year’s end.

Good stuff from @kashhill.bsky.social on Meta's continued enthusiasm for living in the grey areas of the tax law. The company appear to be claiming the R&D credit for supplies purchased for use in its data center spending. Two numbers worth front-loading for this: $2.8 billion and 3.6%.

The Trump administration says its new proposal is designed to keep undocumented immigrants from obtaining certain tax credits.

But our new estimates find that nearly 9 in 10 of the affected children are U.S. citizens.
itep.org/new-estimate...

A new calculator launched this week by @floridapolicy.bsky.social breaks down the impact on Florida communities.
amendment3.floridapolicyinstitute.org

Florida voters will decide on Amendment 3, which would create a pathway for non-school property tax elimination.

If passed, local governments would lose $13.7 billion in the first two years alone, jeopardizing public services that Floridians rely on.
itep.org/impact-of-am...

California voters will weigh in on a one-time 5% wealth tax on the state's billionaires.

Opponents of the plan continue to raise objections, many of which are tenuous and have already been addressed.
itep.org/californias-...

Property tax cuts have led to inequity between wealthy Baby Boomers and everyone else.

As our Research Director Carl Davis explains, "Your tax bill should be based on what you can afford to pay. It shouldn't be based on what year you happen to be born."
www.businessinsider.com/generational...

Overall, Americans have paid $100,368,339,063 more to the oil industry, to date, since prices began to rise.
itep.org/iran-war-fue...

Brinker International, parent corporation of Chili's, reports a surprisingly low 5% federal tax rate, on $579 M of income, in their just-released FY26 annual report.
Brinker's tax rate is affected by how it treats its workers and its executives, in opposite ways. (1/x)
www.sec.gov/ix?doc=/Arch...