|
Revenue Options and Tax Fairness
To fund new investments in
education and transportation--and prevent cuts to other vital areas--the
Governor has proposed a tax plan that would 1) raise significant new revenue and
2) increase the fairness of our tax system. These two features of the Governor's
plan are the subject of two new MassBudget factsheets.
In addition to these new
factsheets, MassBudget has also updated "Effects of Raising Rates and Exemptions on the State
Income Tax," an analysis of a proposed tax reform plan would would raise the
state's income tax to 5.95%, increase the personal deduction, and set a single
tax rate of 8.95% for all investment income.
|
No comments:
Post a Comment