Starting next week, Massachusetts will tax income differently.
As of Sunday, January 1, 2023, Massachusetts will have two income tax brackets. Any income earned under the $1 million threshold will still be taxed at the 5 percent rate. However, the rate on income exceeding $1 million will increase to 9 percent. The state currently has a flat 5 percent state income tax on all income.
We know Maura Healey is a liberal, but what will that look like as governor of Massachusetts?
We'll find out in the coming years, but given the research that NewBostonPost has done on Healey in recent years, we expect that she will support some changes to current social policies.
