Making sense of the state budget, taxes, and the Governor’s FY22 proposal

Click here for a PDF of the slide deck shown in this briefing.

Resources mentioned are linked below.

MassBuget’s Budget Browser tool
Memo on PPP deductibility
MassBudget’s tax research
Corporate taxes:
- Rising Profits, Falling Tax Shares
- Increasing the corporate income tax rate
Report on GILTI, published before COVID
Increasing the tax rate on unearned income
“Millionaire migration”:
- Factsheet
- What has happened in other states?

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