Massachusetts voters approved the Fair Share Amendment in November. It places a 4% tax on incomes above $1 million, in addition to the state's standard income tax of 5%.
So overall income tax in Boston, MA for the highest bracket is 46%. That’s comparable to many european countries. Although brackets are probably very different.
That make sense. Thanks a lot.
So overall income tax in Boston, MA for the highest bracket is 46%. That’s comparable to many european countries. Although brackets are probably very different.