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Massachusetts Form 1120 Online: What You Should Know
For information on how to make this type of contribution online, go to and click on ․ How to Make a Contribution to Reduce the. Debt.‥ If you are eligible, you can save on fees as well as get an instant credit on your bank account for the state income tax you pay. We have already spent 1,600 on our 2023 tax bill of 8,240.00 (if you filed by May 16); it would save 859.00 (saving you another 375.00!) if you can make a 100 contribution to support our state tax work by making the following contribution: Your 100 Contribution to the New England Community Foundation would be used as follows: To reduce the debt of our state and local governments — 100 per year. Our state government has a huge debt of over 70 billion. For many years, we have funded it with new taxes. We need to reduce the amount of taxes we levy to pay for it each year, and then ask the public to foot the bill for some debt. Some people think that every year we should continue to raise our taxes. If that is what they want, they should support our efforts in the Legislature that are creating tax-cut legislation — so that everyone will have a reduced personal tax burden. If that sounds difficult, just think about what it is like for someone living in Connecticut with 35,000 each year in state income tax and 6,500 in local property taxes. In Connecticut, that resident pays an average annual state income tax of 4,065.00 and a 1,400 home-rule tax. That person also pays local property taxes in excess 2,000 per year on 25,000 of property. That is a 29,500 total property and income tax bills on a 35,000 total income. We need to lower that burden in every town in Massachusetts. We can do that, and reduce the debt through taxation; by making a 100 per year contribution to help our state governments pay their bills, it would be the equivalent of buying 3 months of groceries for 1 per month for the state and local governments. That is a 1,100 per year contribution.
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