Massachusetts reports $448 million in miscellaneous tax revenue in Q4 2021

Geoffrey E. Snyder Commissioner of Revenue at Massachusetts Department of Revenue - Massachusetts Department of Revenue
Geoffrey E. Snyder Commissioner of Revenue at Massachusetts Department of Revenue - Massachusetts Department of Revenue
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Massachusetts collected $448 million in miscellaneous tax revenue during the fourth quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This is an increase of 36.2% compared to the previous quarter, when Massachusetts collected $329 million in such taxes.

Overall, Massachusetts collected $9.7 billion in combined tax revenues in the fourth quarter of 2021.

The U.S. government collected about $4.3 trillion in tax revenue in 2021. Individual income taxes were the largest source, followed by payroll and corporate taxes, which together accounted for nearly 88% of total revenue.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

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.

Q4 2021 Massachusetts Tax Collections
Type of Tax Amount (in millions of dollars)
Income Taxes $6,016
Sales and Gross Receipts Taxes $2,803
Miscellaneous Taxes $448
License Taxes $410

Information in this article was obtained from the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes. The source data can be found here.



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