Category: Taxes

All Posts

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 →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

Fair Share Facts: New Report Tackles “Millionaires Tax” Claims

Contact: Reginauld Williams, 617-426-1228×102, rwilliams@massbudget.org For Immediate Release: Thursday September 15, 2022 BOSTON – With just over 50 days left until the general election here ...
Read More →

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 ...
Read More →

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 ...
Read More →

A Blast from the Past: Reagan-Era Tax Law Hits Hard

You are not alone if you had never heard of the Massachusetts “tax cap law,” or what is also known as “62F.” This Reagan-era law sets ...
Read More →
Scroll to Top

Get news from Massachusetts Budget and Policy Center in your inbox.