taxes

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

Press Release, Taxes / By

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 in the Commonwealth, the latest report from the Massachusetts Budget and Policy Center (MassBudget) evaluates the best research on the impact of the Fair Share Amendment, also known as the “Millionaires …

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

Fair Share Tax on Incomes Over $1 Million Would Generate at Least $2 Billion a Year

Reports, Taxes / By

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 if approved by voters in November 2022. MassBudget assessed revenue estimates from three respected sources and considered important data differences and assumptions built into each of the three analyses. The …

Fair Share Tax on Incomes Over $1 Million Would Generate at Least $2 Billion a Year Read More »

Four Reasons We Need Strong Estate Taxes

Blog, Taxes / By

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 inherited wealth in the first place: Fostering Equality of Opportunity — The estate tax is Massachusetts’ only major tax designed to reduce how much individual economic success depends on being born …

Four Reasons We Need Strong Estate Taxes Read More »

Options for Targeted Tax Relief and a Warning About Estate Tax Changes

Budget Resources, Taxes / By

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 Tax Changes From: Marie-Frances Rivera, Phineas Baxandall, Nancy Wagman, Kurt Wise __________________________________________________________________ Chairman and Members of the House and Senate Committees on Ways and Means, Tax collections have come in …

Options for Targeted Tax Relief and a Warning About Estate Tax Changes Read More »

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

Press Release / By

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 pay a smaller share of their income toward state and local taxes than the rest of us. A “millionaire tax” would help turn our tax system right side up by …

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

Commuters Beware: 640 Bridges are Structurally Deficient in Massachusetts

Press Release / By

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 that transportation is the great equalizer. Unfortunately, chronic disinvestment in Massachusetts transportation has contributed to widespread problems such as some of the worst traffic in the nation and hundreds of …

Commuters Beware: 640 Bridges are Structurally Deficient in Massachusetts Read More »

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

Budget Brief, Budget Resources / By

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 it might seem on the surface. The Governor describes this budget as one that “prepares Massachusetts for the future,” but it does not present a bold vision. At a glance, …

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

Scroll to Top