For Subscribers
Massachusetts Sales Tax Holiday Set
The annual Massachusetts sales tax holiday weekend is set for Saturday, August 10, and Sunday, August 11, the Massachusetts legislature determined this…
tax
For Subscribers
Massachusetts Has 11th Highest Corporate Tax Rate, Report Says
The Tax Foundation, a right-of-center think tank, released a report this week that found that Massachusetts had the 11th highest…
For Subscribers
Massachusetts Millionaire’s Tax Is Now In Effect
As of this week, Massachusetts is taxing income differently from the way it has done in the past. As of Sunday, January…
For Subscribers
Massachusetts Millionaire’s Tax Going Into Effect Next Week
Starting next week, Massachusetts will tax income differently. As of Sunday, January 1, 2023, Massachusetts will have two income tax brackets. Any…
For Subscribers
Charlie Baker Says 62F Massachusetts Income Tax Rebate Checks Will Come This Year
When will Massachusetts taxpayers get rebate checks from the state? At some point this year, Massachusetts Governor Charlie Baker said.…
For Subscribers
Gas Tax Suspension In Connecticut Has Saved Drivers $70 Million So Far, State Officials Say
Connecticut drivers have saved about $70 million at the gas pump since the state suspended its 25-cents-per-gallon tax on…
For Subscribers
Maura Healey Says She’s Open To Tax Cuts
If Maura Healey were governor of Massachusetts, would she cut taxes? That's unclear. However, the Democratic attorney general told GBH…
For Subscribers
Bernie Sanders Calls To Raise Taxes On Wealthy — Including Jeff Bezos
U.S. Senator Bernie Sanders (I-Vermont) hasn't changed his mind. He still wants to raise taxes on the wealthy.…
For Subscribers
Chris Sununu Open To Suspending New Hampshire Gas Tax
New Hampshire has a state gas tax of 24 cents per gallon. With the cost of gas rising, New Hampshire's…
For Subscribers
Sales Tax Holidays Taking Place In Massachusetts This Weekend
A lot of items won't have sales tax on them in the Commonwealth of Massachusetts this upcoming weekend. The sales…
For Subscribers
No New State Taxes, Massachusetts House Speaker Says – At Least For Now
State leaders aren't considering new state taxes at the moment, eyeing instead potential federal largess in the form of a…
For Subscribers
Tax Revenues Falling in Massachusetts – Will State Raise Taxes During Coronavirus Economy?
Tax revenues for the current fiscal year in Massachusetts will likely come in somewhere between 4 and 12 percent less than expected…
For Subscribers
Replace Federal Income Tax With National Sales Tax, Florida Candidate Says
Ron DeSantis, 39, one of two Republicans running for governor of Florida, is calling for replacing the federal income tax with a…
For Subscribers
Task Force: Raise Alcohol Taxes, Fines, and Fees
The task force also recommended that Massachusetts ease the regulatory burden somewhat for alcohol sellers. But the recommended increase in excise tax…
For Subscribers
What a New York Marathon Victory Says About the Estate Tax
What does Shalane Flanagan's victory in the recent New York Marathon have to do with President Donald Trump's…
For Subscribers
Boston Globe Gets $$$ Tax Break from Taunton
As the Globe prepares to move much of its operations from Morrissey Boulevard in Dorchester to Taunton, the city of Taunton is…
For Subscribers
Nonprofit Colleges Pay Small Fraction of City Taxes
Harvard University, Massachusetts General Hospital, the Museum of Fine Arts, and other nonprofit colleges, hospitals, and cultural institutions are indispensable to Boston&…
For Subscribers
Maine Governor Wants To Tax Psychics
The proposed Maine state budget would tax palm-reading services at 5.5 percent.…
For Subscribers
Donald Trump’s unsustainable tax cut for the rich
Second only to lawyers, economists are the subject of frequent jokes. For example: "If all the economists were laid end to…
For Subscribers
Vehicle sales taxes off, total taxes up 1.2 percent fiscal 2017
When the Department of Revenue emphasized in early August that state tax collections in July exceeded benchmarks it did not mention that…
For Subscribers
Vermont highest in nation for excise taxes
The Tax Foundation recently released a study of states and the per capita burden of excise taxes on their citizens. Vermont came…
For Subscribers
Portion of Mass. ‘Uber tax’ to support failing taxi industry
Massachusetts is now the first state to tax companies like Uber and Lyft, more specifically, the state is taking money from those…
For Subscribers
Philadelphia eyes tax on sugary drinks
PHILADELPHIA (AP) — Philadelphia could soon become the first major U.S. city with a sugary drinks tax after a city council committee…
For Subscribers
Revenue gap grows to $311 million, Mass. tax agency says
BOSTON — After another lackluster month of collections, tax receipts are now running $311 million behind budget benchmarks with just one month left…
For Subscribers
Lottery a bright spot for state revenue collectors
BOSTON — As state officials try to balance this year's $38.4 billion budget in the face of under-performing tax…
For Subscribers
April tax plunge creates budget bind, Baker does not plan cuts
STATE HOUSE — Despite sluggish tax collections for the state's largest revenue month appearing to put the state's budget…
For Subscribers
The only tax reform we will ever need
April 15. It's the most remembered and widely feared annual deadline on the calendar. Only such holiday dates as January…
For Subscribers
House rejects film credit cap, gas tax increase
BOSTON – The Massachusetts House of Representatives on Monday shot down proposals to increase the state gas tax and to cap the state&…
For Subscribers
Taxpayers beware: Tax software may end up costing more than you think
It's that time of year again: tax-filing season. Millions of Americans are probably downloading the latest version of their…
For Subscribers
Obama blocks corporate tax ‘inversions’ spawned by high rates
WASHINGTON – The question at the heart of President Barack Obama's recent directive ordering the Treasury Department to pump the brakes…
For Subscribers
Six things a tax haven expert learned from the Panama Papers
The Panama Papers is a treasure trove of information on the activities and clientele of a large, but not atypical law firm…
For Subscribers
Explainer: What are ‘tax havens’?
The Panama Papers leak sheds some light on the intricate ways in which the wealthy can exploit secretive offshore tax regimes. As…
For Subscribers
Is Aetna the next domino to fall in Connecticut?
Still in the rippling wake of General Electric's January decision to move its headquarters from Fairfield, Connecticut, to Boston'…
For Subscribers
‘Millionaire tax’ vote put off to at least May
BOSTON — A vote on a surtax aimed at people who earn $1 million or more won't occur until May 18…
For Subscribers
States see value in cutting taxes
A new report by the Center for State Fiscal Reform at the American Legislative Exchange Council (ALEC) highlights states that are spurring…
For Subscribers
Economic liberty
April 1, 2016 Our theme this month is economic liberty. As an immigrant to this country, I have always viewed the identity…
