Taxachusetts is out of hand.
KCW
Posts: 1,334 ✭✭✭
They just passed a new tax hike here in Mass. Among other things (like a $.03 per gal gas tax hike) they upped cigarettes $1.00 and cigars went from 30% to 40% (all on otp of a 6.25% sales tax). This is all supposed to go to our broken Public Trans. system. Unreal.
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Place is pretty much a soviet empire.
As for increasing 'sin taxes' on cigarettes and cigars I'm fine with this as well. These hobbies are luxuries and I have no problem with luxury taxes, again, as long as they are spent on improving infrastructure.
And the whole "Taxachusetts" thing is largely a myth when you compare our tax rates to other states that have income taxes and sales taxes. Our flat state income tax rate--5.25%--is among the lowest among the states that have income taxes and our personal exemptions are among the highest (now, we do charge 12% on capital gains--a problem if you're a day trader or house flipper!). Our sales tax--6.25%--is less than that of 9 other states. We're one of the few states with no county or local sales taxes. Our real estate taxes are ranked 21st in terms of tax rate as a percentage of home value.
The problem with MA isn't that our taxes are excessively high--it's that it's too damned expensive to live here in terms of housing prices and the general cost of living. And that our state government is totally corrupt and wasteful and owned by special interests. But then again, that could describe just about any state government in America.
In terms of cigars, I only buy them online because our local B&Ms are pretty useless. Once the Internet sales tax become a reality I'll have to pay MA sales taxes on top of shipping--that might either make me go back to B&Ms for certain things or give up the hobby altogether. I can live without cigars. I can die if the roads aren't fixed.
Hee hee! And, actually, I was mistaken. Most states charge both state sales taxes and local state taxes. When you add those together, MA--which does not charge local taxes--is actually ranked 31st--with lower overall state sales taxes than, for example, Alabama, Arizona, Arkansas, Texas, Florida, Louisiana, Missouri, Mississippi, both Carolinas, Nevada, Illinois, Indiana, Illinois and Iowa.
But it's still damned expensive to live here, nevertheless.
Guess we have to support our state's "Gubernatorial Carceral Retirement Plan".