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Every tax is a pay cut. Every tax cut is a pay raise.
Citizens for Limited Taxation |
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| FY2005 Revenue By Source and Budgetary Fund (in millions) | |||||
|---|---|---|---|---|---|
| Source | All Funds | General | MBTA | Highway | Other |
| Alcoholic Beverages | 70.2 | 70.2 | |||
| Cigarette | 415.6 | 344.6 | 71.0 | ||
| Corporations | 1,067.0 | 1,067.0 | |||
| Deeds | 150.0 | 150.0 | |||
| Estate/Inheritance | 184.0 | 184.0 | |||
| Financial Institutions | 254.9 | 254.9 | |||
| Income | 8,572.3 | 8,572.3 | |||
| Insurance | 410.0 | 410.0 | |||
| Motor Fuels (MA 0.215, Fed 0.183) | 702.1 | 101.2 | 600.0 | 0.9 | |
| Public Utilities | 54.9 | 54.9 | |||
| Room Occupancy | 92.1 | 59.9 | 32.2 | ||
| Sales & Use: Regular | 2,647.6 | 2,093.8 | 553.8 | ||
| Sales & Use: Meals | 531.1 | 531.1 | |||
| Sales & Use: Motor Vehicles | 623.8 | 493.3 | 130.5 | ||
| Miscellaneous | 4.3 | 4.3 | |||
| Unemployment Insurance Surcharges | 21.0 | 21.0 | |||
| Gross Consensus Revenue Forecast | 15,801.1 | 14,391.6 | 684.3 | 600.0 | 125.2 |
| Transfers off budget | |||||
| MBTA | (684.3) | (684.3) | |||
| Pensions | (1,217.0) | (1,217.0) | |||
| Net Consensus Forecast (Joint Tax Number) | 13,899.8 | 13,174.6 | 600.0 | 125.2 | |
| Tax Adjustments after Consensus Forecast | |||||
| Closure of Tax Loopholes | 89.0 | 89.0 | |||
| Enhanced Auditing (item 1201-0130) | 65.5 | 65.5 | |||
| Lottery Prize Assignment | 12.7 | 12.7 | |||
| Total Taxes | 14,067.0 | 13,341.8 | 600.0 | 125.2 | |
| School Building Assistance Transfer Off Budget | (395.7) | (395.7) | |||
| Lottery Prize Assignment to Stabilization Fund | (12.7) | (12.7) | |||
| Net Taxes for Budget | 13,671.2 | 12,933.4 | 600.0 | 137.9 | |
| Federal Reimbursements | 5,029.2 | 4,685.9 | 3.6 | 339.7 | |
| Departmental Revenues | 1,850.2 | 1,396.7 | 435.5 | 18.0 | |
| Transfers & Other Receipts | 1,449.5 | 2,135.7 | (74.1) | (612.1) | |
| Total for Budget | 22,000.0 | 21,151.6 | 965.0 | (116.6) | |
| Note Sales and Use: Meals. A $531 million tax on eating. | |||||
| Note Room Occupancy. A $92.1 million tax on sleeping. | |||||
| Note Motor Fuels. Mass fuel tax = 0.213/gallon = 3.3 billion gallons | |||||
| Note Sales & Use taxes. $684 million transfer to MBTA | |||||
| Note monies trasferred out of budget. $2,309.7 million |
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