Tag Archive for: capital gains
https://pioneerinstitute.org/wp-content/uploads/Tax-Relief-09292023.png 1400 1400 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-09-29 11:01:542023-09-29 12:46:33Pioneer Institute Statement on the State Legislature’s FY2024 Tax Relief Package
The recent advancement of a tax bill H. 4104, that is expected to be enacted by the Legislature this week after languishing for more than 20 months, puts Massachusetts taxpayers one step closer to realizing some tax relief. However, it may be too little to tackle the Commonwealth’s affordability and competitiveness challenges.
https://pioneerinstitute.org/wp-content/uploads/Senate-Bill-analysis-06142023.png 1080 2400 Eileen McAnneny https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Eileen McAnneny2023-06-14 06:30:412023-06-14 06:40:44Senate Tax Package Misses the Mark on Competitiveness
The Senate tax package, S.2397, is heavy on provisions that reduce the tax burden for certain taxpayers, thereby helping those that qualify for the expanded credits and deductions. The bill, however, is light on provisions that will improve the Commonwealth’s competitiveness.
https://pioneerinstitute.org/wp-content/uploads/Screenshot-2023-05-12-at-5.42.35-PM.png 535 1042 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-05-15 09:00:492023-06-22 13:17:57Study: Net Out-Migration of Wealth from Massachusetts Nearly Quintupled from 2012-2021
IRS data reveals that net out-migration from Massachusetts is accelerating rapidly and is greatest among affluent residents who pay the most in state taxes, according to a Pioneer Institute analysis. Between 2019 and 2021, Massachusetts rose from ninth to fourth among all states in net out-migration of wealth, behind only California, New York, and Illinois.
https://pioneerinstitute.org/wp-content/uploads/Statement-on-tax-reform-and-budget.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-04-19 09:00:272023-04-19 09:27:17Public Statement on the House’s Proposed Tax Reform and Budget
Pioneer Institute applauds key tax reform provisions advanced by the Speaker and House leadership, including a reduced short-term capital gains tax rate and implementation of a single sales factor apportionment. But leadership must do more to bolster the state’s economic competitiveness and slow out-migration of wealth and business owners that endangers the commonwealth’s economic future.
https://pioneerinstitute.org/wp-content/uploads/Tax-Migration-3.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-04-11 08:45:022023-04-10 17:47:18Debunking Tax Migration Myths
Provisions of Gov. Healey’s $876 million tax package targeted to higher-income earners — including revisions to the estate tax and a reduction in the tax rate for short-term capital gains — are important for encouraging taxpayers subject to them to remain in Massachusetts, according to a new analysis from Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Copy-of-CG8.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-04-26 05:08:592021-04-26 05:22:50Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the “Innovation Economy”
A state constitutional amendment promoted by the Massachusetts Teachers Association and the Service Employees International Union adding a 4 percent surtax to all annual income above $1 million could devastate innovative startups dependent on Boston’s financial services industry for funding, ultimately hampering the region’s recovery from the COVID-19 economic recession, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/MAsign.jpg 694 1173 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2017-10-17 05:58:092020-12-07 18:00:00Study: Proposition 80 Would Give MA 2nd Highest Combined State & Federal Capital Gains Tax Rate in U.S.
Read coverage of this report in the Boston Herald: "Study: ‘Millionaire’s…