Don't forget to file your taxes.
The Beatles hated it. You hate it. But you have to do it. And do it today -- file your Massachusetts income tax return. Today, Tuesday, April 16, is the deadline for Massachusetts residents to file thier taxes, according to Boston.com You can file online or at any post office in Woburn. Post office are located on Washington Street and Abbott Ct. The federal tax deadline was Monday, April 15.
The governor's budget proposal for fiscal 2014 would raise $1.9 billion in new revenues through a combination of tax increases and eliminating some tax breaks. Is the state's economy ready for this?
After years of treading water in the state budget, Gov. Deval Patrick has put forth an ambitious $34.8 billion proposal for the coming fiscal year that would make significant investments in education and transportation by raising $1.9 billion in revenue, through a combination of tax increases and eliminating some tax breaks. The question: Is the state's economy ready for this? To raise that funding, Patrick's proposal would increase the income tax from 5.25 percent to 6.25 percent, while doubling personal exemptions. It'd also lower the sales tax from 6.25 percent to 4.5 percent. Several tax breaks for both personal income and businesses would be eliminated. The gas tax would be indexed to inflation, ensuring gradual increases in what …