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#tax-policy #california-budget #budget-deficit #massachusetts #income-tax #tax-cut #public-opinion
fromBoston.com
1 day ago

'More money in my pocket is a no-brainer': Readers weigh in on proposed income tax cut

A recent analysis from Tufts University's Center for State Policy Analysis estimates it would reduce state tax revenue by roughly $5.1 billion per year - about a 10% overall decline - while saving the median Massachusetts household around $1,250 annually.
Boston
Boston
fromBoston.com
2 days ago

Would a Massachusetts income tax cut actually help you? Here's what to know.

A proposed ballot measure would reduce Massachusetts income tax from 5% to 4%, saving the median household $1,250 annually but costing the state approximately $5.1 billion in revenue.
SF politics
fromLos Angeles Times
4 days ago

Eliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts

California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
NYC politics
fromwww.bloomberg.com
1 week ago

Mamdani Wants New York Estate Tax Threshold Cut 90% to $750,000

New York City Mayor Zohran Mamdani proposes slashing the state estate tax exemption from $7 million to $750,000 and raising the top rate from 16% to 50% to address a $5.4 billion city budget deficit.
#california-budget
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US politics
fromFortune
4 months ago

Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts | Fortune

Massachusetts' 4% surtax on incomes above $1 million produced a $5.7 billion windfall, exceeding projections without prompting widespread wealthy departures.
Cannabis
fromwww.mercurynews.com
9 months ago

Minnesota's cannabis tax will be one of the highest in the nation

Minnesota has increased its recreational marijuana tax by 50%, preparing the legal market while aiming to address budget deficits.
NYC politics
fromsyracuse
11 months ago

It's Tax Day: See number of NY millionaires, taxes they pay

The number of million-dollar taxpayers in New York remained nearly flat in 2023 compared to 2022.
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