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Top News In ரூத் பீட்டர்ஸ் பொருளாதார வாய்ப்பு சக Today - Breaking & Trending Today

Study Suggests How to Advance Fairness, Predictability of "Payment in Lieu of Taxes" Programs Aimed at Nonprofits

Study Suggests How to Advance Fairness, Predictability of "Payment in Lieu of Taxes" Programs Aimed at Nonprofits
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Study Says Massachusetts Surtax Proposal Could Reduce Taxable Income in the State by over $2 Billion

Study Says Massachusetts Surtax Proposal Could Reduce Taxable Income in the State by over $2 Billion
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.

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Study Says Interstate Tax Competition, Relocation Subsidies Exacerbate Telecommuting Trends

Boston (PRWEB) May 05, 2021 BOSTON – A spate of new incentive and subsidy programs seeking to lure talented workers and innovative businesses away from ....

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Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the "Innovation Economy"

Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the “Innovation Economy”
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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.
“The punitive aspect of the graduated income tax proposal for investors is that, unlike at the federal level, capital gains can push them into a higher tax bracket - a significant deterrent to potential investors in small businesses emerging from the COVID crisis.” - Greg Sullivan, Pioneer Institute ....

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Study: Graduated Income Tax Proposal Fails to Protect Taxpayers from Bracket Creep

Study: Graduated Income Tax Proposal Fails to Protect Taxpayers from Bracket Creep
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The state constitutional amendment proposed by the Service Employees International Union and the Massachusetts Teachers Association to add a 4 percent surtax to all annual income above $1 million purports to use cost-of-living-based bracket adjustments as a safeguard that will ensure only millionaires will pay. But historic income growth trends suggest that bracket creep will cause many non-millionaires to be subject to the surtax over time, according to a new study published by Pioneer Institute.
Proponents of a graduated income tax insisted on an escalation factor that will be punitive to many more Massachusetts taxpayers than they claim. If the measure had been tied to the median household income, it would have better protected taxpayers from bracket creep. - Greg Sullivan ....

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