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 State Tax Form 96 Mass Gov Mass 2017

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new 11 Massachusetts taxpayers might see more money in their pocket next year because of an income tax cut the State's income tax rate will drop from 5.25% to 5.2% this Wednesday a state law requires an automatic percent reduction when growth in state revenues exceeds certain benchmarks for most taxpayers the January 1 reduction will save less than $50 over the course of the Year some residents told 202 news they could use the extra money in their wallets but others said the money should stay in the state I feel as though the money will be well spent by people that need it and the more we have in our pocket the more we can spend and the state needs to make cutbacks 50 bucks a year I can spend that blink in my eye so no I think it would benefit everybody in the state if they just left it alone the revenue department says tax collections through November were running 9.7% ahead of the same period in in the previous Financial year

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