By now, the majority of Massachusetts residents are well aware that in less than one month, the state’s sales tax will climb to 6.25%. However, it is unclear if all of those people know just how hard they are about to be hit compared to other states across the country.
According to a new report, Massachusetts is among the top six states planning on hitting residents with big tax hikes. Only three states rank higher on that list including; California, New York and Florida. To be in the like with a state like California, whose deficit is hovering at an astounding $25 billion, is a slap in the face to taxpayers across the Commonwealth.
Massachusetts ranks 23rd in the nation, with a tax burden of 9.5%, the state, and is quickly returning to its “Taxachusetts” ways.
Click here to see what other states are facing.
