MassBudget: New study--Who pays lowest taxes in MA?

MassBudget    Information.    Participation.  Massachusetts Budget and Policy Center    Democracy. Highest income residents pay lowest  share of income in state and local taxes A new study released today by the Institute on Taxation and Economic Policy (ITEP) finds that the highest income taxpayers in Massachusetts, and across the country, pay a smaller share of their income in state and local taxes than do low and middle income taxpayers. Read the study HERE.  The study, Who Pays?, analyzes tax systems in all 50 states and factors in all major state and local taxes, including personal and corporate income taxes, property taxes, sales and other excise taxes. Taxes, of course, are how we pay for our schools, our roads, our parks and playgrounds, public safety, our safety net, and everything else we do together through our government to make life better for all of our families and all of our communities. To provide more detail on the situation in Massachusetts, MassBudget is also publishing today updates of two factsheets: Examining Tax Fairness and Where Does the Taxachusetts Label Come From? In examining the Massachusetts tax system we see that the highest income 1% of taxpayers pay $83,000 a year less than they would if they paid the same percentage as most other taxpayers. This costs the state $2.1 billion a year. 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 15 COURT SQUARE, SUITE 700 BOSTON, MA 02108

Massachusetts Budget and Policy Center | 15 Court Square | Suite 700 | Boston | MA | 02108

To save some clicks, I went to the report and saved a copy of the MA page here

screen grab of MassBudget webpage