All Posts
How Other States Prevent the Costly Tax Loophole in the Millionaire’s Tax
The newly passed surtax on annual incomes over $1 million brings a new opportunity for high-income residents to exploit a tax loophole. Policies in other ...
Read More →
High-Income Households Are Not Fleeing Massachusetts
Internal Revenue Service (IRS) data show that Massachusetts has low rates of out-migration among high-income households compared to other states. As a consequence, delivering large ...
Read More →
Governor’s Estate Tax Plan Is Costly and Gives Biggest Breaks to Largest Estates – Better Options Exist
During the current legislative session, lawmakers will consider a number of proposals for changing the Massachusetts estate tax. Two proposals are compared here – one ...
Read More →
With Rainy Day Fund Filling Up Fast, It’s Time to Invest in Community Needs
The state’s rainy day fund is fast approaching its capped “allowable balance.” It could exceed the cap at the end of Fiscal Year 2024. With ...
Read More →
Preventing High-Income Tax Avoidance to Protect Education and Transportation
Problems with potential high-income tax avoidance can be solved by following many other states that require that taxpayers file their state income taxes with the ...
Read More →
Massachusetts Capital Budget 101
The capital budgeting process takes place largely out of the public eye but is responsible for building and maintaining critical state infrastructure. Learn more about ...
Read More →
“Excess” as Mirage: How the 62F Tax Cap Distorts Our View of Massachusetts Tax Revenue
The 1986 tax cap law, also known as “62F,” artificially limits the amount of tax revenue available to address priorities like affordable, quality childcare, safer ...
Read More →
Fair Share Would Increase Total Tax Rates Only Modestly for Most with Incomes Over $1 Million
Because the Fair Share surtax would apply a 4 percent surtax only to the portion of a household’s taxable income above $1 million, the total ...
Read More →
The Myth of the One-Year Middle Class Millionaire
“One-time” occurrences of $1 million income are relatively rare overall, and in fact much rarer for the middle-class. It is far more common for tax ...
Read More →
Very Few Small Businesses Sell for More Than $1 Million; Even Fewer Would be Subject to Fair Share
Will small business owners be subject to the proposed Fair Share tax if and when they sell their businesses? Very unlikely.
Read More →
