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  2. List of Massachusetts locations by per capita income

    en.wikipedia.org/wiki/List_of_Massachusetts...

    Massachusetts is the second wealthiest state in the United States of America, with a median household income of $89,026 (as of 2021), [1] and a per capita income of $48,617 (as of 2021). [2] Many of the state's wealthiest towns are located in the Boston suburbs.

  3. Taxation in Massachusetts - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Massachusetts

    Chapter 61 is a voluntary current use program designed by the Massachusetts Legislature to tax real property in the Commonwealth of Massachusetts at its resources value rather than its highest and best use (development) value. Landowners who enroll their land in the program receive property tax reductions in exchange for a lien on their ...

  4. Sterling, Massachusetts - Wikipedia

    en.wikipedia.org/wiki/Sterling,_Massachusetts

    Residents of Sterling pay property taxes on real estate and certain other personal items, such as unregistered vehicles. [20] The value of taxable property is determined by the town Board of Assessors. [21] In 2023, the tax rate was $14.30 for one thousand dollars of valuation. Although the tax rate consistently decreased from 2016 to 2023 ...

  5. How Much the Average Person From Your State Will Pay in Taxes

    www.aol.com/finance/much-average-person-state...

    The reality is that your tax rate may be lower than you think. ... Massachusetts. Median household income: $89,026. Single filing total income taxes paid: $23,107.

  6. 2024 Tax Brackets and Income Rates: Find Out Where You ... - AOL

    www.aol.com/2024-tax-brackets-income-rates...

    In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.

  7. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.

  8. Massachusetts - Wikipedia

    en.wikipedia.org/wiki/Massachusetts

    As of January 1, 2020, Massachusetts has a flat-rate personal income tax of 5.00%, [297] after a 2002 voter referendum to eventually lower the rate to 5.0% [298] as amended by the legislature. [299] There is a tax exemption for income below a threshold that varies from year to year.

  9. 2008 Massachusetts Question 1 - Wikipedia

    en.wikipedia.org/wiki/2008_Massachusetts_Question_1

    The income tax is less than 27% of the state government's revenue. Municipal (city and town) government spending is more than $22 billion on top of state government spending, bringing total government spending in Massachusetts to nearly $70 billion. The income tax is only 17% of total government spending.