Tag Archive for: estate tax
https://pioneerinstitute.org/wp-content/uploads/Estate-Tax-Featured-Image-scaled.jpg 1707 2560 Pete Mentekidis https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Pete Mentekidis2023-06-01 11:21:502023-06-01 11:21:50The Confounding Massachusetts Estate Tax
The Confounding Massachusetts Estate Tax
The estate tax has become an increasingly significant source of revenue for the Bay State in recent years. Why is this: and is it a good thing?
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 09:00:492023-05-13 07:19:15Study: Net Out-Migration of Wealth from Massachusetts Nearly Quintupled from 2012-2021
Study: 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
Public 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
Debunking 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-CY3-2.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-03-25 05:46:072021-04-01 06:00:36Study: Graduated Income Tax Proponents Rely on Analyses That Exclude the Vast Majority Of “Millionaires” to Argue Their Case
Study: Graduated Income Tax Proponents Rely on Analyses That Exclude the Vast Majority Of “Millionaires” to Argue Their Case
Advocates for a state constitutional amendment that would apply a 4 percent surtax to households with annual earnings of more than $1 million rely heavily on the assumption that these proposed taxes will have little impact on the mobility of high earners. They cite analyses by Cornell University Associate Professor Cristobal Young, which exclude the vast majority of millionaires, according to a new study published by Pioneer Institute.