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Money from the program will also go toward helping undocumented high school students in Massachusetts accessin-state tuition rates. Salem State University president John Keenan called the initiative a game changer and "simply historic." "I know at Salem State University, 40% of our students a...
would exit the state and many others would reduce work or shift and relabel their income to avoid the tax. By my estimate, the surtax would generate approximately $1.5 billion in 2023, since these behavioral responses would offset 32 percent of the revenue gain that would occur if taxpayers k...
2. Short-term Capital Gains Tax: Beginning in 2023, the Massachusetts short-term capital gains rate will be reduced from 12 per cent to 8.5 per cent. Long-term capital gains rates remain at 5 per cent. The capital gains rate on collectibles, such as gold, remains at 12 per cent. ...
2. Short-term Capital Gains Tax: Beginning in 2023, the Massachusetts short-term capital gains rate will be reduced from 12 per cent to 8.5 per cent. Long-term capital gains rates remain at 5 per cent. The capital gains rate on collectibles, such as gold, remains at 12 per cent. ...
eventually wander up to New Hampshire or down to Tennessee, Florida, or Texas, thus restoring revenue to its previous percentage of state GDP. This has been the pattern with federal tax rates over the decades, i.e., a roughly constant percentage of GDP extracted despite wildly varying rates:...
These include federal, state, and local tax liens, as well as mortgages contracted for the purchase of a primary home and nursing home liens. Most other mortgages, debts, and encumbrances existing prior to the filing of the Declaration of Homestead, along with probate court executions for ...
SALT – Real Estate Taxes and State Income Taxes — $10,000 Cap This change is a “loss” to homeowners, especially those with high value properties and in wealthy towns. Currently, all real estate taxes paid in Massachusetts are 100% tax deductible if you itemize your deductions. In Massac...
These include federal, state, and local tax liens, as well as mortgages contracted for the purchase of a primary home and nursing home liens. Most other mortgages, debts, and encumbrances existing prior to the filing of the Declaration of Homestead, along with probate court executions for ...