INCOME TAX AND LONG TERM CAPITAL GAINS TAX RATES REDUCED EFFECTIVE JANUARY 1, 2015

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By Bob Katzen, Beacon Hill Roll Call

DEC. 3, 2014 (STATE HOUSE) The State Department of Revenue today announced that sufficient economic growth under the terms of a 2002 law will result in a tax cut for millions of Bay State taxpayers beginning in 2015. The cut will come from a reduction in the income tax rate and long term capital gains tax from 5.2 percent to 5.15 percent effective January 1, 2015.

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