Taxes

Recent

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

ALL TAXES REPORTS

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 →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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, ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

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 ...
Read More →

“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 ...
Read More →

A Millionaire Tax is Necessary to Advance Critical Education Investments in Massachusetts

Federal pandemic relief has helped avert education cuts and added significant funds to expand services during the pandemic. But it is insufficient and too short-term ...
Read More →

The Three E’s: Greater Transportation Funding Can Improve the Economy, Equity, and Environment

New sustaining revenue is needed for Massachusetts' transportation systems, and no source of new funding is better scaled to meet the size of underinvestment than ...
Read More →

FAQ: Fair Share Amendment Edition

Looking for more detailed information on the Fair Share Amendment being discussed here in the Commonwealth? Check out our guide to some common questions about ...
Read More →
Scroll to Top

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