Publications: Taxes

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  • June 26 2013
    This is the most sweeping such tax in the nation. It strikes at the heart of the state’s innovation economy and will stifle job creation for years to come.
  • March 19 2013
    The Governor’s proposed sales tax on computer and data processing and custom software would have very serious ramifications for major sectors of the state’s economy.
  • January 30 2013

    The Foundation’s analysis of the Governor’s tax proposal shows that the elimination of the personal income tax exemptions and the additional corporate taxes account for most of the $1.9 billion in new revenues. The analysis also summarizes the 44 personal income tax exemptions and deductions that he has proposed to eliminate.

  • November 15 2012

    The Foundation’s latest report, State Tax Expenditures: Less Than Meets The Eye, examines the state’s annual estimate of “tax expenditures,” or the amount of revenue the state foregoes because of exceptions to tax laws. While commonly thought of as incentives, tax breaks, or loopholes that benefit corporations, the Foundation’s analysis shows that billions of the state’s so-called tax expenditures are merely the result of longstanding tax policies and practices, mostly benefitting individuals.

  • May 30 2012

    While tax expenditures are commonly thought of as tax breaks given to specific businesses or industries, they actually represent a much broader set of tax policies that benefit every resident of the state. Tax expenditures include all exemptions from the state sales tax, as well as exclusions, deductions, and credits that the state allows on personal and corporate income taxes.

  • October 21 2010

    In order to try to minimize the enormous consequences of Question 3, the proponents argue incorrectly that total state spending is $52 billion when the correct number is approximately $32 billion, as shown on page 137 of the 2009 Comprehensive Annual Financial Report.

  • September 22 2010

    Voter approval of Question 3 would result in across-the-board cuts of approximately 30 percent in virtually all state programs, including local aid, higher education, human services, prisons, courts, environmental protection, and state parks and beaches, according to a report released today by the Massachusetts Taxpayers Foundation.

    The report concludes that state leaders would face a $4.5 billion shortfall in the fiscal 2012 budget - an already existing structural deficit of at least $2 billion plus $2.5 billion of reduced tax revenues by cutting the sales tax from 6.25 percent to 3 percent.

  • September 16 2010
    In a presentation to business and government leaders, MTF President Michael Widmer described the $2 to $2.5 billion budget gap facing the state in 2012, which will likely turn out to be the most difficult year of the state's extended fiscal crisis. Compounding this predicament, should voters approve the ballot question to cut the sales tax from 6.25 to 3 percent, the state would lose $2.5 billion in revenues raising the 2012 shortfall to nearly $5 billion.
  • April 28 2009
    The Foundation addresses several questions about an increase in the state's sales tax including how much would be raised, what it will cost the average taxpayer and how Massachusetts compares with other states.
  • March 3 2009
    In collaboration with four other groups, the Foundation has put forward a comprehensive transportation reform and finance plan to address the long backlog of transportation investments critical to the Massachusetts economy. The plan encompasses the recommendations of the Transportation Finance Commission, on which the Foundation served, including changes to the MBTA's benefit structure that could save between $1 and $2 billion over the next 20 years. The proposed 25 cent increase in the gas tax would enable the Commonwealth to address the rapidly deteriorating roads and bridges in each section of the state, putting the regional transit authorities and the Western Turnpike, as well as the MBTA, on stronger financial footing, and provide some toll relief to those using the Metro Highway System.