Every tax is a pay cut. Every tax cut is a pay raise.
Citizens for Limited Taxation |
Commonwealth (Your Wealth is Their Wealth) of Massachusetts
Source of Budgetary Information Total state revenues over 15 years shows a 4.35% sustained growth. | |||||||||||||||||||||||
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Commonwealth of Massachusetts Tax Revenues | |||||||||||||||||||||||
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Income Tax | 7162.4 | 7597.9 | 8172.1 | 8915.9 | 8803.0 | 7535.9 | 8019.2 | 8572.3 | 9527.9 | 10817.2 | 11604.6 | 12739.7 | 11432.0 | 10629.5 | 11577.8 | 12731,8 | 13056.7 | 14020.8 | 14727.9 | 14908.1 | 15342.1 | 16634.2 | 17140.0 |
Sales Regular | 1950.0 | 2048.3 | 2283.2 | 1995.0 | 2217.7 | 2174.3 | 2632.9 | 2647.6 | 2830.5 | 3070.8 | 3035.7 | 3098.4 | 2883.0 | 3443.4 | 3574.9 | 3625.6 | 3921.1 | 4038.8 | 4188.3 | 4362.1 | 4352.2 | 4612.0 | 4837.0 |
Corporations | 900.0 | 1025.4 | 1085.3 | 1194.0 | 845.6 | 705.2 | 628.2 | 1067.0 | 1160.3 | 1257.9 | 1518.5 | 1404.6 | 1514.0 | 1371.9 | 1763.2 | 1836.5 | 1691.0 | 2000.0 | 2164.7 | 2174.3 | 2158.6 | 2268.8 | 2406.6 |
Motor Fuel | 600.0 | 624.7 | 653.6 | 705.0 | 695.8 | 687.3 | 702.1 | 702.1 | 708.3 | 685.2 | 673.8 | 674.6 | 651.4 | 663.6 | 688.3 | 678.7 | 762.9 | 771.6 | 764.2 | 780.4 | 766.7 | 767.3 | 775.0 |
Sales Meals | 375.0 | 429.1 | 452.7 | 478.0 | 479.0 | 496.5 | 513.3 | 531.1 | 585.4 | 614.6 | 631.8 | 665.1 | 649.0 | 790.1 | 848.4 | 894.6 | 957.5 | 997.7 | 986.0 | 1128.4 | 1156.1 | 1207.0 | 1254.0 |
Sales Motor Vehicle | 385.0 | 422.5 | 472.5 | 555.0 | 439.5 | 453.0 | 582.3 | 623.8 | 621.0 | 599.2 | 547.9 | 514.2 | 489.0 | 583.7 | 663.4 | 683.2 | 696.5 | 783.3 | 835.8 | 874.8 | 825.4 | 878.0 | 894.0 |
Insurance | 275.0 | 301.5 | 315.8 | 312.0 | 334.5 | 335.5 | 356.0 | 410.0 | 412.1 | 421.1 | 439.9 | 420.7 | 399.3 | 326.2 | 339.9 | 335.4 | 381.9 | 413.5 | 393.2 | 426.5 | 417.2 | 449.5 | 493.0 |
Cigarettes | 304.0 | 295.0 | 296.1 | 274.0 | 265.1 | 276.6 | 443.8 | 415.6 | 400.8 | 416.3 | 426.3 | 439.8 | 485.6 | 484.0 | 445.6 | 454.4 | 585.5 | 513.0 | 505.6 | 498.5 | 487.4 | 475.0 | 463.1 |
Financial Institutions | 215.0 | 185.3 | 165.9 | 116.0 | 197.2 | 152.4 | 173.0 | 254.9 | 210.3 | 338.9 | 254.4 | 254.0 | 351.2 | 193.8 | 47.6 | 112.7 | 51.3 | 4.8 | 23.1 | 9.8 | 0.6 | 0.3 | |
Estate Inheritance | 175.0 | 192.2 | 208.0 | 177.0 | 194.0 | 138.4 | 172.1 | 184.0 | 220.9 | 221.1 | 225.0 | 233.3 | 276.5 | 205.0 | 226.9 | 246.5 | 261.7 | 304.3 | 336.1 | 395.0 | 337.8 | 332.1 | 395.1 |
Deeds | 47.0 | 62.3 | 89.2 | 114.0 | 123.0 | 122.4 | 143.9 | 150.0 | 161.9 | 210.1 | 177.0 | 169.4 | 117.0 | 113.7 | 120.6 | 141.1 | 188.1 | 232.6 | 259.6 | 289.5 | 298.7 | 327.3 | 360.0 |
Sales of Services | 165.0 | 191.0 | 213.9 | ||||||||||||||||||||
Public Utilities | 135.0 | 136.0 | 162.2 | 108.0 | 103.5 | 105.7 | 72.0 | 54.9 | 59.9 | 113.3 | 132.8 | 150.0 | 72.3 | 27.9 | (0.6) | (32.6) | (10.8) | (1.8) | 22.8 | (0.1) | |||
Room Occupancy | 78.0 | 117.0 | 127.1 | 143.0 | 134.1 | 136.8 | 133.9 | 92.1 | 105.3 | 107.8 | 114.2 | 123.2 | 115.1 | 100.0 | 119.4 | 127.7 | 131.5 | 141.7 | 154.4 | 133.1 | 161.2 | 165.3 | 175.2 |
Alcoholic Beverage | 60.0 | 59.1 | 60.1 | 61.0 | 63.3 | 63.4 | 65.6 | 70.2 | 69.6 | 70.3 | 72.0 | 75.4 | 70.4 | 71.6 | 73.1 | 77.1 | 78.4 | 79.2 | 80.7 | 84.0 | 84.4 | 88.1 | 89.0 |
Marijuana | 63.0 | ||||||||||||||||||||||
Marijuana tax transfers | (3.7) | ||||||||||||||||||||||
Repatriation of Corporate Dividends | 65.0` | ||||||||||||||||||||||
Tax Settlements | 125.0 | 125.0 | |||||||||||||||||||||
Tax Adjustments | 196.0 | ||||||||||||||||||||||
Dairy Tax Credit | (2,0) | ||||||||||||||||||||||
Total Revenue Change | 247.3 | ||||||||||||||||||||||
Racing | 10.0 | 8.6 | 6.8 | 8.7 | 7.2 | 6.2 | |||||||||||||||||
Unemployment Insurance Charges | 8.5 | 6.9 | 8.0 | 8.5 | 10.0 | 23.5 | 24.0 | 21.0 | 21.5 | 21.4 | 21.5 | 21.0 | 21.0 | 20.2 | 19.9 | 20.2 | 21.6 | 22.2 | 22.4 | 23.1 | 24.5 | 24.0 | |
Miscellaneous | 0.4 | 0.8 | 10.0 | 16.5 | 17.5 | 18.6 | 15.6 | 4.3 | 4.2 | 3.7 | 3.7 | 3.5 | 3.2 | 25.2 | 16.5 | 16.8 | 17.0 | 15.4 | 14.2 | 196.4 | 9.3 | 32.5 | 14.6 |
Tax initiatives | 346.0 | 55.5 | 278.2 | ||||||||||||||||||||
Raffles/Bazaars | 1.1 | 1.0 | 1.2 | 1.2 | |||||||||||||||||||
Beano | 3.6 | 3.4 | 3.3 | 3.3 | |||||||||||||||||||
DOR Admin Provisions | 36.3 | ||||||||||||||||||||||
Delay of FAS 109 Deduction | 45.9 | 45.8 | |||||||||||||||||||||
Total Tax Revenues | 12850.0 | 13708.0 | 14787.0 | 15186.1 | 14930.0 | 13431.7 | 14677.9 | 15800.9 | 17099.9 | 18968.9 | 19879.1 | 21333.0 | 19530.0 | 19050.0 | 20524.9 | 21949.7 | 22874.1 | 24337.1 | 25524.8 | 26284.0 | 26691.6 | 28755.6 | 29574.8 |
Commonwealth of Massachusetts Non Tax Revenue
Massachusetts Lottery income goes under Department Revenues | |||||||||||||||||||||||
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Federal Reimbursements | 3287.2 | 3399.2 | 3596.1 | 3797.9 | 4126.3 | 4673.0 | 4918.4 | 5029.2 | 5263.0 | 6170.1 | 6428.5 | 6849.9 | 7934.8 | 8765.1 | 7854.6 | 8018.2 | 8583.3 | 9553.3 | 10228.4 | 10756.1 | 11289.8 | 11509.0 | 11640.7 |
Department Revenues | 1243.6 | 1291.8 | 1413.5 | 1443.6 | 1672.3 | 1984.2 | 2302.0 | 1850.2 | 1969.2 | 2142.3 | 2491.4 | 2532.9 | 2699.5 | 2898.2 | 2851.9 | 3208.7 | 3437.8 | 3765.6 | 3793.1 | 3850.3 | 4424.7 | 4944.8 | 5096.8 |
Consolidated Transfers | 906.7 | 953.2 | 1098.2 | 1141.5 | 1062.0 | 880.8 | 405.8 | 1449.5 | 1394.6 | 658.1 | 580.8 | (20.7) | 103.7 | 1858.4 | 1958.3 | 1803.0 | 2144.5 | 1902.6 | 2026.5 | 2229.0 | 2108.8 | 2392.3 | 2483.8 |
Total Non Tax Revenues | 5437.5 | 5644.2 | 6107.8 | 6383.0 | 6860.6 | 7538.0 | 7626.2 | 8328.9 | 8626.8 | 8970.5 | 9500.7 | 9362.1 | 10738.0 | 13521.7 | 12664.8 | 13029.9 | 14165.6 | 15221.5 | 16048.0 | 16835.4 | 17823.3 | 18846.2 | 19221.3 |
Commonwealth of Massachusetts Total Revenues | |||||||||||||||||||||||
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Total Revenues | 18287.5 | 19352.2 | 20894.8 | 21569.1 | 21790.6 | 20969.7 | 22304.1 | 24129.8 | 25725.8 | 27939.4 | 29379.8 | 30695.1 | 30268.0 | 32571.7 | 33189.7 | 34979.6 | 37039.7 | 39558.6 | 41572.8 | 43119.4 | 44514.9 | 47602.1 | 48796.1 |
Total Revenues % Increase/Decrease | 5.8 | 7.8 | 3.2 | 1.0 | (3.8) | 6.3 | 8.2 | 6.6 | 8.6 | 5.1 | 4.4 | (1.4) | 7.6 | 1.8 | 5.3 | 5.8 | 6.8 | 5.1 | 3.7 | 2.6 | 7.6 | 2.5 | |
Income Tax as % of Total Revenues | 39.2 | 39.2 | 39.1 | 41.3 | 40.3 | 35.9 | 36.0 | 35.5 | 37.0 | 38.7 | 39.4 | 41.5 | 37.7 | 32.6 | 34.9 | 36.4 | 35.2 | 35.4 | 35.4 | 34.5 | 34.7 | 34.9 | 35.1 |
Commonwealth of Massachusetts Transfers Off Budget
The term off budget is simply one of those weasel words meaning "expense". Don't be fooled. | |||||||||||||||||||||||
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
School Building Assistance (SBAB) Transfer | 395.7 | 488.7 | 572.5 | 634.7 | 702.0 | 640.7 | 644.3 | 678.1 | 689.4 | 725.6 | 771.5 | 803.9 | 834.7 | 847.1 | 878.4 | 917.0 | |||||||
MBTA Transfer | 684.3 | 684.3 | 712.6 | 734.0 | 756.0 | 768.0 | 767.1 | 767.0 | 779.6 | 786.8 | 799.3 | 811.3 | 985.2 | 997.9 | 1007.1 | 1038.4 | 1077.0 | ||||||
Pension Transfer | 1217.0 | 1274.7 | 1335.2 | 1398.6 | 1465.0 | 1376.6 | 1441.8 | 1478.0 | 1552.0 | 1630.0 | 1793.0 | 1972.0 | 2198.1 | 2394.5 | 2608.5 | 2841.5 | |||||||
Workforce Training Fund | 19.9 | 20.2 | 21.6 | (22.2) | 22.4 | 23.1 | 24.5 | 24.0 | 24.5 | ||||||||||||||
Xfer to State Retirees Benefits Trust Fund | 26.6 | 425.0 | |||||||||||||||||||||
Capital Gains to Stabilization | (51.5) | 389.2 | 220.6 | ||||||||||||||||||||
Total Transfers Off Budget | 684.3 | 2297.0 | 2476.0 | 2641.7 | 2789.3 | 2935.0 | 2785.0 | 2853.1 | 2955.6 | 2981.4 | 3601.5 | 3353.6 | 3783.5 | 4053.8 | 4273.2 | 4938.5 | 5080.1 |
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