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Monday, October 7, 2024

Residents and visitors to Massachusetts paid $29.7 billion in taxes in 2018

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Massachusetts collected $29.7 billion in taxes in 2018, a 7.8 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from income taxes ($18.7 billion) and sales and gross receipts taxes ($9 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Massachusetts Tax Collections
Type of TaxAmount
Property taxes$7,197,000
Sales and gross receipts taxes$9,022,362,000
License taxes$1,154,719,000
Income taxes$18,689,278,000
Other taxes$781,247,000
General sales and gross receipts taxes$6,490,305,000
Selective sales and gross receipts taxes$2,532,057,000
Alcoholic beverages sales tax$85,843,000
Amusements sales tax$70,467,000
Insurance premiums sales tax$406,251,000
Motor fuels sales tax$769,144,000
Pari-mutuels sales tax$887,000
Public utilities sales tax$0
Tobacco products sales tax$594,173,000
Other selective sales and gross receipts taxes$605,292,000
Alcoholic beverages license$3,702,000
Amusements license$15,767,000
Corporations in general license$25,701,000
Hunting and fishing license$5,637,000
Motor vehicle license$444,827,000
Motor vehicle operators license$101,432,000
Public utilities license$0
Occupation and business license, nec$301,510,000
Other license taxes$256,143,000
Individual income taxes$16,280,331,000
Corporations net income taxes$2,408,947,000
Death and gift taxes$472,956,000
Documentary and stock transfer taxes$308,291,000
Severance taxes$0
Taxes, nec$0

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