A Need For Change

For the past four years Massachusetts has been run by an administration more focused on big business
and inside dealings rather than the good of the people. In these four years the median property tax for a
single family home has risen from about $1400 to $3300, a forty two percent increase in just over five years.
Rising property taxes can be attributed to many things such as residential property value raising faster than
commercial, or towns voting to raise their property tax in order to fund other projects. However the issue
that arises in the upcoming November 7th election is a focus being drawn away from these outrageous
percentages and focused more on rolling back the income tax. Lets take a closer look at the upper class in
Massachusetts. If an individual made three million dollars last year and paid the income tax rate of 5.3%
they would have paid $159,000 in taxes. An individual who made $30,000 last year would have paid
$1590 in taxes. Now if we look how significant a .3% would be on taxpayers, the truth of who benefits
is very clear. That same individual making three million would save nine thousand dollars with a .3%
rollback, while the individual making $30,000 would save about $90 dollars a year with a rollback.
It is not hard to see who corner candidates like Kerry Healey are in when it comes to projecting something
that is more beneficial to her than to the middle class Masscahusetts resident.

Here we will take a look at what the average savings would be per income if the income tax were rolled
back to 5.0%. The savings figures are stricktly the monetary result of the .3% rollback.

*all statistics are per year...