While many Massachusetts residents relocated to either New Hampshire or Florida in 2021, a considerable amount of New Yorkers migrated into Massachusetts. Their motivation to relocate seems largely tied to the harsh taxes in New York, which surpass the rates in Massachusetts.
Massachusetts recognizes S Corporations as flow-through entities. However, it levies an additional “stinger” tax on shareholders of these types of entities, depending on their revenue and industry. The state should reform S Corporation tax policy because the current system is uncompetitive and nonneutral. And, in addition to the new surtax on earnings over $1 million, the stinger tax could make business owners consider relocating, which would take revenue and surtax from the state.
According to both the NAEP U.S. history and civics test results and a national survey emulating a U.S. citizenship test, students and citizens in America are largely lacking the mastery of the subjects. At a time when history and civics education is highly politicized, we must improve their education to ensure future generations of capable citizens.
Middlesex and Suffolk counties have contributed far more to the state’s GDP than any other county in Massachusetts. However, the two differ in which industries are responsible for the greatest shares of their GDP.
Woburn has consistently had quality financial management in recent years, demonstrated by the fact that the city had the third highest free cash fund in the state in 2020. The city’s financial success has benefited its taxpayers, as the city’s bond rating has been promoted to a AAA rating by the S&P agency standards.
In recent years, ridership on bus routes which run through low-income areas has increased due to programs which have eliminated fares on those routes. With some politicians looking to expand this to all Boston transportation, it is important to remember that while public transit is good for society, it is not a public good.
Congress passed the Family and Medical Leave Act in 1993 to ensure citizens’ job security should they need to take an extended leave, but it did not require any replacement wages to be paid for that time period. Then, Massachusetts passed their Paid Family and Medical Leave law in 2018 which set out requirements for employer and employee contributions to a PFML fund so that employees could get paid in addition to keeping their jobs should they need to take leave for certain reasons.
Massachusetts has seen a trend of above average unemployment rates in comparison to other New England states in recent years. This may be attributed to the greater average unemployment benefit payouts, and duration of benefits, which Massachusetts has had.
This blog furthers the discussion about the aging workforce by examining how decreased employment among young people as they turn to education instead impacts the issue. Then, it explains the implications of an older workforce on the future of labor and productivity in the U.S.
This blog explores the factors which have contributed to observed trends of increased employment among the 65 and older demographic in Massachusetts, New England, and the United States at large, as it pertains to the aging of the workforce.
This post explores the difference among tax policies in Massachusetts, New Hampshire, and Florida in order to explain the increasing amount of Massachusetts residents who are migrating from the state. Tax-friendly policies are very alluring to Massachusetts residents, seeing as the state is actually increasing the personal income tax rate rather than try to lower taxes, as both New Hampshire and Florida have done.
