Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Most & Least Taxing States 2013

By Rebecca Helmes of Bloomberg BNA - 2013-04-19T17:41:14Z

Photograph by Getty Images

Company Symbol % Change
22 of 54

Massachusetts

Income tax: 5.25% (flat tax)
Sales tax: 6.25%
Property tax per capita: $1,986
Estate tax: 0.8% to 16% with a $1 million exemption

Massachusetts’ income tax rate was reduced from 5.3 percent to 5.25 percent in 2012. But early in the 2013 legislative session, Governor Deval Patrick proposed a net increase of $1.9 billion in state taxes through an income tax increase -- it would be the first in more than 20 years -- and sales tax decrease meant to support education funding and public works projects. Included in the proposal is a new tax on computer services like code writing and programming.

Advertisement