Profitable Fortune 500 companies manage to pay state taxes on only half of their profits.
Recent Reports of Interest (non-MBPC)
280 Most Profitable U.S. Corporations Shelter Half Their Profits from Taxes.
“These 280 corporations received a total of nearly $224 billion in tax subsidies,” said Robert McIntyre, Director at Citizens for Tax Justice and the report’s lead author. “This is wasted money that could have gone to protect Medicare, create jobs and cut the deficit.”
New CBPP analysis finds that more than half (52 percent) of poor children last year lived in households that faced one or more hardship.
Six temporary federal initiatives enacted in 2009 and 2010 to bolster the economy by lifting consumers’ incomes and purchases kept nearly 7 million Americans out of poverty in 2010, under an alternative measure of poverty that takes into account the impact of government benefit programs and taxes. These initiatives — three new or expanded tax credits, two enhancements of unemployment insurance, and an expansion of benefits through the Supplemental Nutrition Assistance Program (SNAP, formerly called food stamps) — were part of the 2009 Recovery Act. Congress subsequently extended or expanded some of them.
"The research in the field does not provide strong evidence that modestly raising tax rates at the top of the income scale would have significant growth-reducing effects on labor supply, taxable income, savings and investment, or entrepreneurship."
Following the 2010 elections, multiple states took action to curtail collective bargaining rights arguing that public sector unions were a major cause of state budget deficits. A close examination of the available evidence finds that the claim that public sector unionization leads to greater deficits does not withstand scrutiny. From the Institue for Research on Labor and Employment, UC Berkeley.
DPHHS is the state agency responsible for improving and protecting the health, well-being, and self-reliance of all Montanans. On the DPHHS website you can find information about government programs and services such as Medicaid , Children’s Health Insurance, and Supplemental Nutrition Assistance Program (formerly known as Food Stamps. Also find health data and statistical reports.
In addition to forms and resources for taxpayers, the Department of Revenue produces comprehensive biennial reports that provide an overview of Montana’s various taxes.
Browse and search Montana laws.
Find legislators and bills by legislative session. Track the work of legislative interim committees.
Homepage of the Montana State government website.
Find data and statistics on Montana schools and student achievement.
Montana Economy and Demographics
Find data and reports on the status of children in Montana. The Montana Kids Count Data Book includes an in-depth analysis of how children in Montana are doing in relation to health, social, economic, and education indicators. County specific data is also provided.
Montana at a Glance
The Bureau of Business and Economic Research provides data and reports on economic and sector performance throughout Montana. The Bureau’s annual Outlook Book provides and economic forecast for the nation, state, and counties.
Research and Policies for Building Shared Prosperity
Research and Policies for Fair and Adequate Taxes
The ITEP Guide to Fair State and Local Taxes
State Capital Gains Tax Cuts and Economic Development
Who Pays? A Distributional Analysis of the Tax Systems in all Fifty States
The Montana fact sheet can be found here:
Policymakers in a number of states are considering proposals to cut taxes and institute job-creation tax credits. While state policymakers are understandably eager to do something to improve their economies, such measures generally will not increase economic growth.