Tax of the Day

Tax of the day: Governor wants to end commuter deductions on tax returns for those who use the MBTA or pay tolls to get to work.

* The Tax of the Day series is presented by the Senate Republican Caucus spotlighting tax proposals made by the Governor in his FY’14 budget proposal.

Tax of the Day

Tax of the Day: The Governor wants to end $1,000 exemptions for dependents of taxpayers 19 years old or older who are full-time students.

* The Tax of the Day series is presented by the Senate Republican Caucus spotlighting tax proposals made by the Governor in his FY’14 budget proposal.

Tax of the Day

Tax of the day: Governor seeks to require college scholarships to be reported as personal income causing those who pursue higher education to pay even more!

Tax of the Day

Continuing the Senate Republican spotlight on taxes and other fees, here is today’s Tax of the Day:

The Governor wants to end tax deductions for adoption fees, and start taxing employer provided adoption assistance as personal income, which would further complicate the adoption process.

To read more regarding the Senate Republican’s “Tax of the Day” series, please click here.

Tax of the Day:

Governor Patrick seeks to eliminate the hotel tax exemption for small Bed and Breakfasts. The tax will hurt local small businesses and hamper the economy.

Senate Republican Caucus to Spotlight Taxes and Other Fee Proposals Made by Governor

With an onslaught of taxes being proposed on Beacon Hill, the Senate Republican Caucus will identify and focus on one each day in a series of posts called “Tax of the Day” on the Caucus’ blog (www.ScalingBeaconHill.com), twitter (@SenBruceTarr), and their Facebook Fan Page.  The primary source cited will be Governor Patrick’s tax and spend state budget proposal for FY’14.

A tidal wave of new taxes is headed towards us, and people need to know before they drown in higher taxes, tolls, fees, and fares.  Posting each tax increase proposal will increase transparency and help us all to focus on just how much of a new burden we will have to bear if the measures become law.

In the Governor’s budget proposal he targets over 40 personal tax exemptions, deductions, and credits; corporate and business taxes; changes in tax rates; increases to certain already taxed items; increases in fares, tolls, and fees; and others.