Politics & Government

Would Your Taxes Increase Under Governor's Plan? Find Out Here

The program also allows users to develop their own plan and see its effects on their tax bill.

In an effort to further promote his proposed $34.8 billlion budget, Gov. Deval Patrick this week rolled out an online tool that would help families see the impact his proposed tax increases would have on their bottom line.

The tool was released less than a week after Patrick unveiled 400 online maps showing what each district would receive in transportation and education benefits under his tax plan.Β 

"We are proposing meaningful investments in education and transportation, and people want to know what that means for them," Patrick said. "Last week, with the maps, we showed what long-postponed projects would get done in each community. Now, with thisΒ tool, we show just what the costs or savings will be for individual households."

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The program not only lets users enter their income information to see how their tax bill would change, it also allows them to develop their own tax reform proposal and see how it would alter their net income.

Under the plan,Β the income tax rate would increase from 5.25 percent to 6.25 percent and 44 deductionsΒ would be eliminated. Also, the sales tax would be cut from 6.25 percent to 4.5 percent. The personal deduction would double.

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