Category: Taxes

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Massachusetts’ Taxes Are About Average

Massachusetts currently has the highest per capita income of any state, but the Commonwealth lags many states when it comes to using those resources to ...
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Four Reasons We Need Strong Estate Taxes

Explainer via Napkin Finance With Legislators debating potential changes to taxes on large estates, it’s important to remember why we have taxes on the transfer of ...
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Current Estate Tax Proposals Would Give Largest Benefits to Wealthiest Estates; Alternative Method Would Fix This Problem

The tax on inherited estates is Massachusetts’ only tax that directly reduces wealth inequality. Although the pandemic has highlighted disparities between rich and poor families, ...
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FAS 109, Single Sales Factor Apportionment, and Deferred Corporate Tax Deductions

As the Legislature considers elements of a possible tax package, it is worth focusing on a number of interrelated corporate tax issues that are now ...
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Options to Adjust the Estate Tax While Retaining Revenue and Progressivity

The Massachusetts Budget and Policy Center was asked to outline options for changes to the estate tax that would preserve revenue, maintain progressivity, and also ...
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Options for Targeted Tax Relief and a Warning About Estate Tax Changes

June 10, 2022 To: House and Senate Ways and Means Committee members and staff Re: Options for Targeted Tax Relief and a Warning About Estate ...
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PREGUNTAS FRECUENTES: la Enmienda de Parte Justa (Impuesto a los millonarios)

¿Busca información más detallada sobre la Enmienda de Parte Justa que se está debatiendo aquí en la Commonwealth? Consulte nuestra guía para responder a algunas ...
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We’re Not Out of the Woods Yet

“Yesterday, Senate President Karen Spilka rightfully noted the need to balance “targeted spending investments to a number of crucial areas, such as housing, childcare and ...
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Earth Day is a Time to Consider Better Responses to High Gas Prices: Free Public Transit and Other Ideas

Higher gas prices are causing anxiety for many and are eating away at the meager incomes of low- and moderate-income families. Politicians are promoting a ...
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“Millionaire Tax” Would Make Massachusetts Tax System Fairer

Currently, the Massachusetts tax system is upside down: the highest income households pay a significantly smaller share of their income toward state and local taxes ...
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