I have a few clients in Massachusetts. We joke that it’s really “Taxachusetts.” Massachusetts’ state income tax is 5.3%, and is really more of a gross receipts income tax; few deductions are allowed. But that may change.
Citizens in Massachusetts have collected over 66,000 signatures on petitions—the first step in a drive to eliminate the state’s income tax. While there are more steps involved in the process (including collecting a second set of 11,000 signatures early next year), it’s likely that residents of the Commonwealth will have a chance to vote themselves out of the state’s income tax.
It may be a very interesting election cycle in Massachusetts. Although, as the link notes, expect lots of politicians to say, “The sky is falling.”