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With a flat 8 percent corporate tax rate, Massachusetts finds itself somewhere between a high rate and a low rate.
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The income tax rate in Massachusetts is 5.00%. Residents of the state who want to play their part in the development of the country by contributing more to the state exchequer have the option of paying a higher income tax rate.
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Certain services are subject to sales tax in Massachusetts while prescription drugs, groceries, gasoline and clothing are all tax-exempt.
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