Fix for $600M Surtax Loophole Proposed - Banker & Tradesman bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Pointing to the potential for state income surtax revenue collections to underperform to the tune of between $200 million and $600 million if high-income households employ a legal tax avoidance strategy, the Massachusetts Budget and Policy Center on Monday called on the Legislature to require that Bay Staters use the same filing status for their federal and state income taxes.