Tag Archives: income 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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Senator Tisei Talks Taxes

(edited to embed video. – promoted by DD4RP) Now that the state has raised the sales, meals and hotel taxes, created new alcohol and satellite dish taxes, and increased just about every fee imaginable, what’s left?  Hold onto your wallets, because there’s already some rumblings on Beacon Hill to increase the income tax, a move which would spell disaster for…

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Brownsberger Proposes Grad Tax

According to State House News, Rep. William Brownsberger (D-Belmont) has proposed a bill that will create a graduated income tax in the Commonwealth. It will raise the tax rate to an outrageous 7.5% for the “wealthiest” Massachusetts residents. Anyone who makes over $140,000 will be hit hard with the new tax rate and those who make under $20,000 will see…

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