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Massachusetts

Sales tax roll-back proposal runs into Democratic wall

BOSTON – Saying state spending has risen 50 percent since 2006, state Rep. James Lyons appealed to his colleagues in the House of Representatives Monday to roll back the Massachusetts sales tax to 5 percent from 6.25 percent. Rep. Stephen Kulik, a Worthington Democrat, argued for an amendment to study

Massachusetts

Poll suggests wide support for ‘millionaire’ tax proposal

BOSTON – More than three quarters of Boston residents polled said they would support a surtax on incomes of $1 million or more, assuming the revenue would be used to increase spending on transportation and education, according to survey results released Monday. But critics have pointed out that revenue raise by

Massachusetts

The ‘millionaire tax’: California here we come

Massachusetts progressives are making another try at amending the state constitution to permit a graduated income tax. This is after unsuccessful efforts to do the same thing in 1962, 1968, 1972, 1976 and 1994. But this time is different. In 1994, proponents were upfront about what they had in mind.

boston

‘Millionaire tax’ and pot legalization sponsors file signatures, point to revenue potential

BOSTON – Massachusetts voters may soon get a chance to decide whether to raise state revenue by taxing the rich, legalizing and taxing marijuana, or both. Supporters of two ballot initiatives, one that would impose a state "millionaire tax" and one that would legalize recreational use of marijuana, both

Massachusetts

Mass. on track for income tax cut on New Year’s Day

Written by Michael P. Norton Massachusetts has hit the first of five triggers that need to be hit to force a slight income tax rate reduction on Jan. 1, 2016, according to the state revenue commissioner.