Tag Archives: Sales Tax

Proposed Income Tax Rate Increase to 6.25%

Mass Fiscal Alliance Memo MassDOT proposed 5 new tax increases on Monday as part of a list of revenue raisers to fund their new “21st Century Transportation Plan.” Of the 5 tax hike options, the Governor endorsed the only non-user tax that hits working class families the hardest, an increase to the state’s income tax rate from 5.25% to 6.25%.…

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BHI Forecast: State tax revenues to fall flat in FY 2013 but to surge by 5.1% in FY 2014

  (BOSTON-December 11, 2012) –The Beacon Hill Institute at Suffolk University (BHI) estimates that Massachusetts state tax revenues will come in at $21.113 billion for Fiscal Year 2013, virtually no increase over FY 2012.  Revenues will be $22.194 billion for FY 2014, 5.1% above FY 2013.     Paul Bachman, BHI Director of Research and David G. Tuerck, Executive Director…

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Sale Tax Holiday? Don’t Do Us Any Favors!

Hey great, another supposed sales tax holiday! When is it? Well, maybe August 13-14, but we won’t really know because both the House and Senate need to vote on it. Anyone here work in retail? My wife does. Furniture sales at Crate & Barrel. Know how much business she’ll do between now and the 13th? None. Because everyone thinks they’ll…

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Is it a new tax or isn’t it?

( – promoted by Rob “EaBo Clipper” Eno) In Massachusetts most goods you purchase are subject to a 6.25% sales tax. By law, if you purchase on-line or out of state and don’t pay the MA sales tax you MUST report and pay an equal 6.25% “use” tax. Not many people do. A bill requiring internet vendors to charge and…

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