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Even Among Retirees with High Wealth, Few Will Pay the Fair Share Tax
The proposed “millionaire tax” only applies to the portion of a taxpayer’s annual taxable income over $1 million. For many retirees, much of their income ...
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Fundamentally Flawed: 62F Formula Overstates “Excess” by $1.4 Billion
The $2.9 billion estimate of 62F "excess tax collections" recently certified by the State Auditor overstates these net Fiscal Year (FY) 2022 collections by $1.4 ...
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Where Might Home Sales Be Subject to the Fair Share Amendment? A Local Breakdown
In the majority of Massachusetts cities and towns, no homes sold for a net gain of $1 million or more, meaning they wouldn't be subject ...
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62F Credits Benefit the Rich
The “tax cap law,” or what is known as “62F,” sets an artificial limit on how much tax revenue Massachusetts can collect, regardless of the ...
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Interactive Map: Most Home Sales Will Not Likely Lead to Fair Share Tax Payments
Even in Massachusetts’ hot housing market with many homes selling for over $1 million, the vast majority of all home sales will not subject the ...
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Best Research Underscores Value of Fair Share Amendment for Massachusetts Residents
An extensive body of research shows that Fair Share would improve tax fairness, support economic and racial justice, and strengthen our state economy. The research ...
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A Bridge Too Far: Sagging Investment Leaves 644 Massachusetts Bridges Structurally Deficient
The Massachusetts Department of Transportation maintains a database tracking 7,880 bridges across the Commonwealth. This paper examines the condition of these bridges and the impact ...
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A Look at Funding: The Emergency Rental Assistance Program in Massachusetts
The Emergency Rental Assistance Program is not the only way to ensure adequate rental assistance support in the Commonwealth, other ARPA funding or state dollars ...
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Fair Share Tax on Incomes Over $1 Million Would Generate at Least $2 Billion a Year
MassBudget estimates that the Fair Share tax on incomes over $1 million is likely to generate at least $2 billion a year in new revenue ...
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Average Income in Massachusetts for Every Occupation Is Below $1 Million
According to the most current federal Bureau of Labor Statistics (BLS) data for Massachusetts (2021), average income for every occupation listed falls far below the ...
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