Kennedy School

Study: "Millionaire's Tax" Would Have Far-Reaching Effects on "Pass-Through" Businesses

Retrieved on: 
Wednesday, November 17, 2021
Government, MIT, Center for Economic Studies (U.S. Census Bureau), Harvard College, Income, Transport, Commonwealth, Health, Representative, Data analysis, Kennedy School, Income tax, Suffolk Construction Company, Education, Pioneer Institute, MIT Sloan School of Management, Tax, Adult, Pioneer, Fish, United States Census Bureau, Light, Insurance, Health insurance, Management

The U.S. Census Bureau found that these entities account for about 70 percent of for-profit business entities in Massachusetts and nearly half all those employed by for-profit businesses.

Key Points: 
  • The U.S. Census Bureau found that these entities account for about 70 percent of for-profit business entities in Massachusetts and nearly half all those employed by for-profit businesses.
  • "The result is that these mostly small businesses would not only pay taxes at a higher rate than large corporations, but see their taxes rise more than those corporations would."
  • S corporations are the most common business form in Massachusetts, accounting for 45.5 percent of all for-profit business entities.
  • The Commonwealth is unique in that it levies a "stinger tax" only on S corporations that is layered on top of the individual income tax.

The Steel Tube Institute - Dale Crawford to Succeed Joseph Anderson as Executive Director of the Institute

Retrieved on: 
Monday, November 1, 2021
HSS, University, Industry, Retirement, Strategic management, Utah State University, MBA, Weber State University, Kennedy School, LEED, Harvard University, View, Board of directors, Business administration, Leadership, Metals Service Center Institute, Marketing, Growth, Multimedia, RTÉ Executive Board, STI, Executive, MIT, Association, Institute, U.S. Green Building Council, MIT Sloan School of Management, Executive Committee, Management

CHICAGO, Nov. 1, 2021 /PRNewswire/ -- The Steel Tube Institute's Executive Committee approved a succession plan to name Dale L. Crawford as the next Executive Director of the Steel Tube Institute following the planned retirement of Joseph Aderson.

Key Points: 
  • CHICAGO, Nov. 1, 2021 /PRNewswire/ -- The Steel Tube Institute's Executive Committee approved a succession plan to name Dale L. Crawford as the next Executive Director of the Steel Tube Institute following the planned retirement of Joseph Aderson.
  • The Steel Tube Institute (STI) names Dale L. Crawford as the next Executive Director as Joseph Anderson plans to retire.
  • Joseph Anderson was named the Executive Director of the Steel Tube Institute in 2015, after having joined STI in April 2014 as the HSS Director.
  • The Steel Tube Institute was formed in 1930 when a group of manufacturers joined forces to promote and market steel tubing.

Study Finds SALT Deduction Cap, Graduated Income Tax Will Combine to More Than Double Tax Burden on Some Households

Retrieved on: 
Monday, September 27, 2021
Bay State, Empire, Tax, Harvard University, Health, MIT, Congress, Master, Transport, Representative, Tax Cuts and Jobs Act of 2017, Harvard College, Massachusetts Department of Transportation, Federation, Legislation, City, Kennedy School, Pioneer, Urban planning, MIT Sloan School of Management, Commonwealth, Platte Institute for Economic Research, Research, LIV, Pioneer Institute, SALT, Government, Boston University, Education, Health insurance, Management

"The proposed tax would double down on small businesses and retirees, with the effect of lessening business investment, lowering home values, and producing fewer jobs."

Key Points: 
  • "The proposed tax would double down on small businesses and retirees, with the effect of lessening business investment, lowering home values, and producing fewer jobs."
  • Thus the workaround tax credit is not relevant to the impact of the proposed graduated income tax amendment in Massachusetts.
  • This likely alludes to the economic impact of the tax base erosion, revenue volatility, and disinvestment associated with such tax increases.
  • "The SALT cap and other limits on itemized deductions will make the graduated income tax an albatross around the neck of the Bay State's job creators and investors."