If you’re feeling like you have a little more money in your wallet today, it may be because Tuesday, April 29, was Tax Freedom Day in Massachusetts.
That’s the day, according to the nonpartisan Tax Foundation, that the average Bay Stater had earned enough to meet all of his or her tax obligations to federal, state and local authorities. Almost four months seems a long time to pay off what the tax collector says you owe, and it is. Tax Freedom Day for the nation as a whole was April 21. On the other hand, residents of Connecticut and New Jersey won’t see their tax obligations paid off until May 9.
A public say on taxes
Citizens for Limited Taxation has endorsed a proposal by state Rep. Leah Cole, R-Peabody, that would require five public hearings before the Legislature votes on any tax increase.
Having it both ways
Register of Deeds John L. O’Brien wants you to know that while everyone else must pay an excise tax when they sell their homes, the federally backed mortgage giants known as Fannie Mae and Freddie Mac claim they are exempt.
According to O’Brien, both agencies have “a long history of claiming that they are a private company when they want to grant huge raises to their top executives, but when it came to paying this tax they conveniently take the position that they are a government agency, so therefore exempt!”
Datebook: Republican congressional candidate Richard Tisei will hold a grand opening of his campaign headquarters Saturday from 2 to 4 p.m. at 182 Newbury St. (Rt. 1 North next to Latitude Sports Club) in Peabody … Paul Tucker will kick off his campaign for state representative from Salem with an event Sunday from 3:30 to 5:30 p.m. at the Hawthorne Hotel.