Category: Taxes

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Taking Measure of the Governor’s Tax Plan

The Governor’s proposal would provide benefits to households across the income spectrum, but by far the largest benefits would accrue to a small number of ...
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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 ...
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WBUR: Breaking down Gov. Healey’s tax reform proposal

MassBudget President Marie-Frances Rivera joined Radio Boston and Evan Horowitz, executive director at the Center for State Policy Analysis, to discuss Governor Healey's tax proposals ...
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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 ...
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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 ...
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Memo to Governor Healey on Ways to Ensure Effective Implementation of the Fair Share Amendment

As Massachusetts voters have amended the state constitution to include a 4 percent surtax on taxable income over $1 million, MassBudget would like to offer ...
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Letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a Family Tax Credit

A letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a consolidating different family tax supports into one simpler, fully refundable Family Tax Credit.
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“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 ...
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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 ...
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The Fair Share Millionaire Tax and Home Sales: What 2021 Data Shows

Based on industry data from the Warren Group on home sales in Massachusetts, previous analysis has shown how rare it is that a sale might ...
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