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... many other states, as the structure operates within just one tax bracket, giving a flat current tax rate of 5.3%. The Massachusetts Department of Revenue is able to issue relevant forms such as Form 1 ...
... of four in the 35% Federal tax bracket into an effective 39.64% Federal tax bracket. Add to this the Massachusetts tax rate of 5.3% and this family is paying a whopping 44.94% combined marginal tax ...
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