Taxes
Recent
ALL TAXES REPORTS
Data Do Not Show Massachusetts Facing a Crisis of Outmigration
Despite recurring warnings from some quarters, none of the available official data indicate that Massachusetts is in the midst of - or moving quickly toward – a crisis of population loss to other states.
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2025 Massachusetts Budget Showcases Accomplishments of Fair Share Amendment
As the budget making process for the current fiscal year finishes, Massachusetts would be in a very different place if voters hadn’t approved the Fair Share Amendment in late 2022 to support education and transportation.
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Presentation: A $20 Minimum Wage – Lessons Learned and Anticipated Impact
On April 23, 2024, Interim President Phineas Baxandall gave a legislative briefing examining the potential impacts of increasing the state minimum wage to $20 per hour.
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How Do Business Taxes in MA Compare to Other States?
MassBudget analyzed a recent data report by The Council on State Taxation (COST) - a Washington DC based trade association representing over 500 multistate and multinational corporations – that examines the full set of state and local taxes paid by businesses in each of the 50 states. How does Massachusetts fare and what should that mean for our state's tax policy?
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Presentation: Ending the Tax Penalty Against Working Immigrants
On March 14, 2024, Interim President Phineas Baxandall joined the Black and Latino Caucus and the Healthy Families Tax Credits Coalition at the Statehouse for a briefing on how working immigrants are prevented from claiming the Earned Income Tax Credit.
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Ending the Tax Penalty Against Working Immigrants
Extending EITC eligibility to all workers filing taxes, regardless of their immigration status, would increase its impact, help expand economic opportunity, and support low- and moderate-income families struggling to afford Massachusetts’ high cost of living.
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How Much Does the Millionaire Tax Improve Tax Fairness? How Does Massachusetts Compare Now to Other States?
A new 50-state analysis from the Institute on Taxation and Economic Policy (ITEP) finds that Massachusetts’ recently adopted millionaire tax makes Massachusetts’ state and local tax system much more equitable.
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Rising Profits, Falling Tax Shares: Fixing What’s Broken
The share of state taxes paid by corporations has fallen markedly since the 1980s. Meanwhile, they've collected a growing share of all income generated in the U.S. Changes to corporate tax policy can improve fairness, racial equity, and state competitiveness.
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How Much Will Each District Benefit from the New Child & Dependent Tax Credit?
The proposed Child and Family Tax Credit would help families by providing a refundable credit each year for each child under 13 and dependent adults over 65 years of age or with disabilities. This dashboard identifies – by legislative district - how many dependents would be eligible.
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Who Benefits from the New Tax Package?
The new tax package is the largest set of tax changes the Commonwealth has seen in some 15 years and will cost the Commonwealth over $1 billion each year in forgone tax collections. It includes some elements that improve tax fairness, and racial and economic equity, as well as other elements that make our state tax system less fair.
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