Posts tagged "Deductions"

Patrick Budget Eliminates 44 Tax Deductions

A recent analysis of Gov. Deval Patrick’s proposed budget finds that it eliminates 44 tax breaks that benefit a large slice of Massachusetts taxpayers. Patrick’s $ 34.8 billion FY2014 budget includes not only a 1 percentage point hike in the income tax – from 5.25 percent to 6.25 percent – but the end of such deductions such as the capital gains from the sale of a person’s primary home, college tuition, and contributions to a health savings account. The analysis, by the Massachusetts Taxpayers Foundation, found that the eliminations would raise an additional $ 1 billion for the commonwealth. But Patrick’s assistant secretary for fiscal policy, Gregory R. Mennis, told The Republican that that amount would be offset by the doubling of personal exemptions, which benefit all taxpayers.  Another key aspect of Patrick’s plan is the lowering of the sales tax from 6.25 percent to 4.5 percent. When taking this change, along with the rise in personal exemptions, about half of Massachusetts households – in particular those earning less than $ 60,000 a year – will see their taxes stay the same or drop, by Mennis’ calculations. “It’s important to look at the tax package as a whole,” Mennis told The Republican.  The goal of the budget, Patrick has said, is to make the tax code simpler and fairer, with the tax burden shifting from the lower and middle classes to the more affluent. The bill is being reviewed by the House, which will release its budget proposal in April.  SOUTH END PATCH: Facebook | Twitter | E-mail Updates South End Patch

Read more...

Posted by Massachusetts Legal Resources - February 26, 2013 at 10:33 am

Categories: Arrests   Tags: , , ,

tamoxwhere.com metalrockmusicpodcast.com techwebwolf.com mitchellscoffeetime.com 4n10store.com crayphoto.com registeredpuppiess.com leafbosscbd.com salonuniqat.com alphaproject-skiteam.com indimembrane.com escuelamasquemarketing.com chicagocityscusl.com helpweightoff.com shinylive.net fullbodychiro.net haxcommunity.org kursovaya.org theinvincibles.org aspekindonesia.org alphabiocbd.org javabluetooth.org veadotrading.com chrisamentas.com tattooartpedia.com vj0shii.info novels80.net sportinggoodindoor.net vinnysvinylsidinggreensboronc.com viewfrombangladesh.com pipiproductions.com alikhwaneplatre.com sslabs.info expressaktiv.info artistvisual.com cepatmasuk.com urutrain.com villasatmontanavista.org gularavincent.com pantaufilm.com dramabarat.com fotominsk.com kedaibilal.com martaloptiklens.com kamielis.com hariberry.com cateringmarketsquare.com nobleinternationalhotel.com erdemliotokiralama.com persongolf.com arsipskripsi.com jamesmalvern.com cryptomarketbd.com sehriart.com mrofficialonline.com roberthomestaging.com ennzcoupon.com authentik-immo.com distribuidoraconnect.com dreamydrawdesign.com muwilp.com nationalbattleleague.com maverickgrowshop.com sinansplace.com globalstreetfoods.com rollsroc.com conforthogarok.com christmastreedresses.com thetechlives.com borisvolfman.com roninindonesia.com nokritalash.com perfecthomeworkhelp.com orimeili.com elektrikci06.com toolzsource.com wellfedcreatives.com achomeandgarden.com brawnywriter.com petsfoodio.com tropisgarden.com belibibitikanmurah.com khabarbot.com goraah.com baudara.com sengelsted.com campingelrefugio.comwp-admin frankkelsoauthor.com reutovstudio.comwp-admin hunterbelgium.com terrabloggers.com tcirelocations.com parfoiswebshop.com ovofrance.com brooksmagyarorszaghu.com stilkostum.com stephenoney.com whimsypk.com sdnjunrejo1batu.com ibaethiopia.com yashikaresort.com terangindonesia.org mobilhondabogor.com patibannister.com mentaridunia.org irishadam.com davidallanhamilton.com teknik-mesin.com solarahail.com nukeradio.com stpetersmp.org shanala.com brixtonatwood.com itotecobag.com cricketlinesguru.com ioguardoilmare.com eldridgehometeam.com ngoomelarab.com birracapri.com srilankaescapes.com ranchoaromadelmar.com zamzamestates.com laluna-gard.com batunisanprasasti.com pabrikpipa.com suarasragen.com pleinairsocial.com kacafilmyogyakarta.com berasenak.com sampaiakhir.com criticalpointtheatre.com mybounceworld.comwp narinnakliyat.com charlottehornetsclub.com raahitrekkers.com verdantgardenia.com balonjakartaku.com jasabikinjersey.com tokocipta.com medicaltimes.org puertoricolimpio.org ingoodcowellness.com papisolutions.com greekgirlbeauty.com alexanderrarebooks.com watertreefulshear.com demorrosconel20.com boardgamesoftheworld.com bigscreenlab.com foundationsystemsrepair.com surveyinfoz.com juebejue.com tickedit.com rabbikushner.org bossdroid.org lepanierdegermaine.org gospelpage.net paucek.net storiyoh.com cacciamotorworx.com canceltimesharenow.travel cinediscount.com daubandbauble.com davefilms.us egy-greek.com f-1asp.com gazettemailrealestate.com greylogic.uswp-admin heirhunters-association.org.uk hf-emu.com inuyasha.us iqsoft.co.in istitutopertini.net justanotherlovestory.com lemondedeslions.com lowvisionary.com machupicchutours.travel maicoakiba.com naruto-pictures.us net9k.com pondok.app quazar-millenium.net slotonlinepgcasino.com techtv101.com thechronicleindia.com thekantaloupe.com tonyperkinsshow.com tuberadioforum.com vcsdk9.org videoprosys.com whytheyhate.us yeezystatic.org airstrike.co.za drsindi.co.za aeroklub-liberec.cz istob.cz double-aye.com uscreativebooks.com livingcolorut.com eaglepressurewasherservice.com electroauthor.com iowansformiller.com rainycamping.com expectthegreatutah.com what-is-bpm.com bniembarcadero.com coldcutsproductions.com latestcouponportal.com parentingplus.org calvinluo.us hop-cast.com goteammaria.com newproductivity.org 100randomtasks.com firstbaptistchurchchillicothe.com free-itv.com jointcontact.com natural-body.org valleyscene.com centralfloridaconcierge.org couchslobs.com iplaysims.com woollenhulls.com autourdemusil.net bradgrace.com czech100.com jetharrismemorialfund.org abunchofcrock.com americanmugandsteincompany.com quenchsa.com byrunners.com sharkberg.com