Does Your State Tax Recreational Marijuana?
Recreational marijuana taxation is one of the hottest policy issues in the U.S. Currently, 21 states have implemented legislation to legalize and tax recreational marijuana sales.
5 min read
Massachusetts Tax Rates, Collections, and Burdens
How does Massachusetts’s tax code compare? Massachusetts has a graduated individual income tax, with rates ranging from 5.00 to 9.00 percent. Massachusetts has an 8.00 percent corporate income tax rate. Massachusetts has a 6.25 percent state sales tax rate and does not levy local sales taxes. Massachusetts’s tax system ranks 34th overall on our 2023 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Massachusetts is no exception. The first step towards understanding Massachusetts’s tax code is knowing the basics. How does Massachusetts collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?
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Facts & Figures 2023: How Does Your State Compare?
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Does Your State Levy a Capital Stock Tax?
States can better position themselves for success by moving away from economically-damaging taxes like the capital stock tax.
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Positive Tax Reforms in Massachusetts Budget Proposal Have Broader Implications
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State Individual Income Tax Rates and Brackets, 2023
Individual income taxes are a major source of state government revenue, accounting for more than a third of state tax collections:
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Will the Federal Government Tax Your State Tax Rebate?
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State and Local Sales Tax Rates, 2023
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