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Massachusetts began paying out state tax refunds in Nov. 2022, and those payments are essentially over. Eligible filers were entitled to a refund of 14.0312% of their 2021 Massachusetts state tax ...
Taxing millionaires is a contentious issue—but Massachusetts is declaring early victory, with an announcement this week that the state’s tax on its highest earners has yielded $1.8 billion in ...
New Hampshire – no individual income tax. The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
A poll tax is a tax of a fixed sum on every liable individual (typically every adult), without reference to income or resources. Although often associated with states of the former Confederate States of America, poll taxes were also in place in some northern and western states, including California, Connecticut, Maine, Massachusetts, Minnesota ...
Healey, a Democrat and strong supporter of a state-administered universal child tax credit (CTC), proposed her $600 per child tax relief program that would ultimately benefit more than 700,000 ...
As of 2010, 68.8% of federal individual tax receipts, including payroll taxes, were paid by the top 20% of taxpayers by income group, which earned 50% of all household income. The top 1%, which took home 19.3%, paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the earned income tax credit.
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