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Massachusetts

Massachusetts Joins States Offering Sales Tax Holidays

2 August 2011

Ah, Massachusetts. So many firsts: the first public park in the U.S., the first American university (Harvard, of course), first basketball game in the U.S., the first state Constitution, the first American subway system (take that, New York)… But when it comes to figuring out a budget, Massachusetts doesn’t feel the need to be first; [...]

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The Spirits of America: Massachusetts Lifts Sales Tax on Booze

4 January 2011

At a time when most states are looking for the next big thing to slap a tax on, Massachusetts is looking to cut back on those extras. Beginning this weekend, the state is eliminating the state sales tax on alcohol. Massachusetts imposed a sales tax of 6.25% on sales of alcohol, putting it pretty much [...]

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Yachtgate is Over

28 July 2010

The whole of Massachusetts – nay, the world – can issue a collective sigh of relief now: Yachtgate has finally come to an end. Senator John F. Kerry (D-MA) has announced that he will “voluntarily” pay $500,000 to the Massachusetts Department of Revenue for the use of his yacht. Kerry’s luxury yacht is reportedly worth [...]

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New Jersey Caps Property Taxes: Will It Be Enough?

13 July 2010

Nobody likes a tax hike. It especially hurts when you’re already tops for taxes in the nation. New Jersey, which holds the distinction of having the highest tax burden in the nation for three years running, has been pushing back at a budget with increases that Governor Christie (R) insists are necessary. This week, the [...]

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Ten States Looking to Raise Taxes: Do You Live in One?

10 April 2009

With revenues plummeting and federal aid in short supply, many states are scrambling to fill holes in their budgets. The easiest way to do it? Raise taxes. At least ten states are considering major increases in the near future. They are: Arizona Connecticut Delaware Illinois Massachusetts Minnesota New Jersey Oregon Washington Wisconsin Two states have [...]

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Is the “Hummer Tax” the Answer?

11 March 2009

Massachusetts has always been a little – we’ll call it different – when it comes to politics. And in some cases, it’s paid off. It’s true that you can drive through the state without being assaulted by billboard after billboard. And the state is, relatively speaking, free of litter and there’s very little in the [...]

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Election Results: State Tax Legislation

5 November 2008

It was a historic day on yesterday with the election of President Elect Barack Obama. It’s almost easy to forget that there were other elections and ballot issues to consider but voters in some states faced a laundry list of issues. Among those were several state tax measures, including: In Arkansas: Voters supported an amendment [...]

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Banking Giant Gets “Tax Incentive”

30 June 2008

Massachusetts’ Economic Assistance Coordinating Council is expected to give its approval to a $3.5 million tax break for JPMorgan Chase & Co. voted in by the Boston Redevelopment Authority (BRA) and City Council. The tax break includes a $2 million cut in property taxes and a $1.5 million break on state income tax. It’s a [...]

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A Crowded Field.

9 October 2007

No, I’m not talking about the Chicago Bears (“13 men on the field”) during their impressive comeback at Green Bay on Sunday night. I’m talking about the GOP presidential primary – nine candidates participated in the most recent debate. Nothing confuses potential voters more than hearing candidates argue about prospective tax plans and disjointed and [...]

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Shop Until You Drop

12 August 2007

Or you hit your tax-free limit. Or your credit card bursts into flames. Or until your husband curls into a ball and refuses to go to the next store. You get my point. For many states this weekend, in order to boost back to school sales (which retailers claim are flagging),it’s a sales tax free [...]

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