Novi Sad@feddit.org to Microblog Memes@lemmy.worldEnglish · 3 months agoOkay, but New York (City) is different, bro, I promiseimagemessage-square91linkfedilinkarrow-up11.54Karrow-down19
arrow-up11.53Karrow-down1imageOkay, but New York (City) is different, bro, I promiseNovi Sad@feddit.org to Microblog Memes@lemmy.worldEnglish · 3 months agomessage-square91linkfedilink
minus-squarecoherent_domainlinkfedilinkEnglisharrow-up13arrow-down1·3 months agoJust to say that MA has a pretty IMO idiotic flat state income tax rate of 5%, and having a income over 1m only increase the rate by 4%. This increase is really negligible compare to the tax rate by the federal government and the cost of living difference between MA and other states. If anything, I feel MA still don’t really have a “fair” income tax system yet, but one step at a time.
Just to say that MA has a pretty IMO idiotic flat state income tax rate of 5%, and having a income over 1m only increase the rate by 4%.
This increase is really negligible compare to the tax rate by the federal government and the cost of living difference between MA and other states.
If anything, I feel MA still don’t really have a “fair” income tax system yet, but one step at a time.