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The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.
The MSP was established by Massachusetts state governor John A. Andrew when he signed a law creating the State Constabulary on May 16, 1865. This legislative act to "establish a State Police Force", founded the first statewide enforcement agency in the nation. The first leader of the State Police was William Sterling King, an American officer ...
The second table contains a list of U.S. states and territories by annual mean wage. Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of ...
The state has an open-meeting law enforced by the attorney general, and a public-records law enforced by the Secretary of the Commonwealth. A 2008 report by the Better Government Association and National Freedom of Information Coalition ranked Massachusetts 43rd out of the 50 US states in government transparency.
Some federal, state, local and education government employees pay no Social Security but have their own retirement, disability systems that nearly always pay much better retirement and disability benefits than Social Security. These plans typically require vesting (working 5–10 years for the same employer before becoming eligible for ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]
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