Category: taxes

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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, the Governor and some in the Legislature have proposed changes to the estate tax that would largely benefit the state’s wealthiest households.

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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 – or may become – part of the mix. At the heart of these interrelated issues is a problematic, state-level corporate tax break referred to as FAS 109.

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NEW: When A Surplus Is Not Extra

When A Surplus Is Not Extra New MassBudget report debunks the myth of tax “deluge” in the Commonwealth For Immediate Release: June 23, 2022 BOSTON, MA – The …

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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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New Report Finds That a “Millionaire Tax” Would Make Massachusetts’ Tax System Fairer

For Immediate Release: April 7, 2022 BOSTON, MA – Currently, Massachusetts has an “upside-down” state and local tax system, meaning those with the highest incomes …

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Commuters Beware: 640 Bridges are Structurally Deficient in Massachusetts

New Report Shows Transportation Investment Key to Improving Mass. Economy, Equity, and Environment For Immediate Release: March 29, 2022 BOSTON, MA – It’s often said …

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The Governor’s 2023 Budget Proposal: Last Chance for a Lasting Legacy

Governor Baker submitted his last state budget as Governor of the Commonwealth last week, and this Fiscal Year (FY) 2023 budget is not all that …

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New Reports Show Fair Share Amendment Will Help Small Businesses, Other Progressive Tax Changes Can Too

For Immediate Release: November 17, 2021 BOSTON, MA –  Our Commonwealth has traditionally celebrated small businesses as a way for everyday working people to build …

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FY 2021 Budget & Tax Options

Two weeks ago, the Executive Office of Administration and Finance (ANF) provided updated revenue projections for the current fiscal year (FY21). ANF now estimates an …

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