Much has been said 'round here on the subject of whether Deval Patrick's opposition to the voter-approved rollback of the income tax to 5.0% will prove to be an albatross around his neck. My view: the income tax rollback is a big, … [Read more...]
More statistics on Taxation
State Taxes in the US of A State Median Income Median Tax Percentage tax 1 Vermont $45,692.00 $3,600.16 7.88% 2 Wyoming $43,641.00 $3,417.77 7.83% 3 West Virginia $32,589.00 $2,367.17 7.26% 4 Arkansas $33,948.00 … [Read more...]
Lies, Damn Lies, and…
The following are scatter plots of 51 points (each point represents the data of an individual State, the District of Columbia being included in this set.) As we see in the first graph, there is no correlation between the Increase in … [Read more...]
Some thoughts on taxes and Lexington failed override
First, in Lexington we have been the subject of an organized right wing campaign over the past several years-- We have had fights over displays of a religious creche on the Lexington green, we have had the setup of David Parker and the … [Read more...]
Taxes: Pennies vs. dollars
With the possible exception of food, in each of these, there is a huge role for the state. And the state may be in a position to invest in such a way that you end up with more money in your pocket than if it did nothing. In other words, … [Read more...]
Senate passes income tax rollback; not fast enough for Healey
As part of its FY 2007 budget, the Senate has passed a rollback of the income tax to 5% - to take effect only if local aid is restored to where it was in 2002, adjusted for inflation. But, according to the Globe, that's not good … [Read more...]
Mitt as manager
Just to sum up some things I've been saying in the comments to my previous post on flooding... I'm trying to wrap my head around this Peabody flood-abatement veto business, and I just have to wonder: how is this not a major hit to the … [Read more...]
Property taxes, overrides still a hot issue
The Globe reports today that Wellesley just approved a Prop. 2-1/2 override that bumped everyone's property tax bill up by a median amount of $292 a year. That money goes to the schools. The town also rejected additional tax … [Read more...]
Flooding and vetoes
From Sen. Majority Leader Fred Berry's site, an article from the Salem Evening News - September 20, 2004: PEABODY â Gov. Mitt Romney declared a state of emergency and lobbied the White House for federal disaster aid when a massive storm … [Read more...]
Tax cut arithmetic: A double-edged sword
Scot Lehigh had a fine column yesterday that addressed the question we've been asking: If we're going to cut the income tax rate from 5.3% to 5.0%, what services do you cut? Is there a Free Lunch for taxpayers? Well, Lehigh did a good thing … [Read more...]