Thursday, September 27, 2012

MassBudget: Massachusetts Ranks 25th in Taxes



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Massachusetts Ranks 25th in Taxes
State and local taxes in Massachusetts are roughly in line with the national average, according to data released today by the census bureau. Massachusetts ranks 25th among all states--meaning there are 24 states with a higher level of taxation and 25 with lower rates.



The most accurate way to compare taxation across states is to measure it as a percentage of personal income. That is, you look at the total amount of money collected through state and local taxes and then see what share that is of the total income earned in the state. When you do that for Massachusetts, you find that the level of taxation is 10.2%--below the national level of 10.6%.

The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

MASSACHUSETTS BUDGET AND POLICY CENTER
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BOSTON, MA 02108
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Massachusetts Budget and Policy Center | 15 Court Square | Suite 700 | Boston | MA | 02108

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