Yes. So far as the individual is 18 years or older, they can buy and claim lottery tickets at any authorized retail outlet. I have lost my Massachusetts lottery ticket, what can I do? You need to write to the
tax status by default, so profits pass through the LLC to owners (members) and the LLC does not directly file income taxes. Owners instead report their share of LLC profits on their personal income tax returns, and those profits are subject to the federal self-employment tax rate (15.3%)....
Top corporate tax rate: 8% Top individual income tax rate: 5.05% Gasoline tax: 26.54 cents/gallon Bond rating (Moody's/S&P): Aa1, stable/AA, stable Major private employers: Bay State Medical Center, Thermo Fisher Scientific Economic profile sources: U.S. Census Bureau, U.S. Bureau of Ec...
…Massachusetts’ competitive tax advantage in New England is primarily due to its individual income and sales tax systems, which rank 11th and 12th on theIndex, respectively. With regard to its neighbors, only New Hampshire has a better overallIndexranking than Massachusetts. …In 2007, Christina...
Interest Rate Risk:Fixed-income securities such as bonds, preferred, convertible and other debt securities will decline in value if market interest rates rise. Credit Risk:Debt or preferred securities held by the fund may fail to make dividend or interest payments when due. Investments in securitie...
(iv) amounts paid as principal or interest on any qualified education loan of a 529 plan designated beneficiary or a sibling of the designated beneficiary. The amount treated as a qualified expense is subject to a lifetime limit of $10,000 per individual. Although the assets may come from ...
South Dakotadoes not have an individual or corporate income tax, which keeps more money in residents' and business owners' pockets. Natural gas and electricity prices for residents and businesses aremuch lower in South Dakota than the national average, according to the Energy Information Administratio...
The Internal Revenue Service requires all LLCs to obtain a federal employer identification number (EIN) (also called a federal tax ID number), which works much like an individual’s Social Security number. This nine-digit number allows you to file federal and state taxes, open a business bank...
the state expanded medicaid eligibility, created state-subsidized insurance for non鈥搈edicaid-eligible, low-income individuals, merged the small group and individual insurance markets, required adults to have health insurance, and required employers to make a fair-share contribution to coverage or ...
A strong economy, with one of the lowest unemployment rates in the nation, pushed individual income, sales and corporate tax revenues higher than originally projected. Political gridlock contributed to the swollen coffers, as the Republican-controlled Senate and Democratic-led House couldn’t agree ...