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Economic Impacts of Eliminating the Massachusetts State Income Tax

abagley — Wed, 22 Oct 2008 15:09:48 -0500

This report was prepared by: Global Insight, Inc.

Question 1 Proponents Inflate State Spending

abagley — Wed, 15 Oct 2008 10:48:06 -0500

In order to try to minimize the enormous consequences of Question 1, the proponents argue incorrectly that total state spending is $47 billion when, as the Foundation has shown, the correct number is approximately $31.8 billion.

Foundation Releases Major Report on Wide-Ranging Consequences of Question 1 to Repeal the Income Tax

abagley — Mon, 06 Oct 2008 11:27:15 -0500

Find Another Way to Send a Message

abagley — Mon, 06 Oct 2008 11:30:08 -0500

An upcoming analysis by the Massachusetts Taxpayers Foundation shows that if one were to preserve the 2008 level of spending for Medicaid, health reform, state aid to municipalities, and debt service, then one would have to eliminate every other program of state government - from prisons, courts, and State Police to funding for higher education and the elaborate network of services for the elderly

An Analysis of Property Tax Credits and Transportation Funding Under the Governor's Casino Proposal

dlind — Wed, 04 Jun 2008 11:42:24 -0500

On October 25 the Foundation released a report analyzing the revenue projections included in the administration's plan to license three casinos in Massachusetts. The detailed analysis raises a variety of questions about the revenues and benefits from the three casinos, including an assessment of the impact on property taxes and transportation needs.

MTF Joins Business Groups in Opposition to Question 1

dlind — Thu, 05 Jun 2008 09:57:26 -0500

MTF and three other business organizations have joined together to defeat Question 1, the Libertarian Party's reckless proposal to abolish the state income tax. If adopted, this extreme measure would throw the finances of state and local governments into chaos and inevitably lead to major increases in property and sales taxes. View MTF's Case Against Question 1.

Eight Communities Reject CPA, While Five Approve Property Tax Surcharge

dlind — Thu, 05 Jun 2008 10:24:07 -0500

On November 6, voters in eight Massachusetts communities -- including Boston, Malden and Waltham -- rejected a ballot measure that would have raised property taxes by up to three percent to fund affordable housing, historic preservation and open space initiatives.

Property Tax Classification Update

dlind — Thu, 05 Jun 2008 10:35:09 -0500

Presentation to seminar sponsored by the West Springfield Chamber of Commerce. Provides an overview of the disproportionate impact of property tax classification on the tax burden of Massachusetts businesses, with updated numbers for fiscal 2000.

Tobacco Tax Increase: Meeting Current Obligations First

dlind — Thu, 05 Jun 2008 10:28:07 -0500

With the state struggling to pay the cost of its current health care programs, the Foundation called on the Legislature to dedicate any new revenues from the proposed 50-cent increase in the tobacco tax to meet the Commonwealth's long list of underfunded health care obligations before further expanding the Medicaid rolls.

MTF Opposes Repeal of Single Sales Factor Legislation

dlind — Thu, 05 Jun 2008 10:36:26 -0500

Legislative Testimony: MTF testimony in opposition to legislation that would undo important tax reforms for manufacturers and mutual fund companies, two key elements of the state's export sector.

Ballot Questions: MTF Unveils Alternative Tax Cut Plan; Opposes Toll/Auto Excise Credit; Supports Charitable Deduction

dlind — Thu, 05 Jun 2008 10:44:46 -0500

MTF unveils a plan to cut the income tax rate to 5 percent in gradual steps tied to growth in the state's economy, an alternative to the Governor's ballot proposal to reduce the rate over three years.

Unequal Burdens: Property Tax Classification in Massachusetts

dlind — Thu, 05 Jun 2008 08:14:59 -0500

Despite the state's progress in reducing the overall burden of property taxes in the years since Proposition 2½ was adopted, Massachusetts businesses continue to pay a disproportionate share of the local property tax bill, according to this in-depth analysis.

Interstate Tax Comparisons: Where Does Massachusetts Stand?

dlind — Thu, 05 Jun 2008 08:16:32 -0500

This study, one of a series comparing the Commonwealth's taxes and business costs with other states, finds that Massachusetts ranks higher than the national average for personal income and corporate income taxes, and lower than average for sales and excise taxes.