T40 - Individual income tax - Massachusetts (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$1,356,686
1994
Q2 1994
$1,685,976
1994
Q3 1994
$1,411,300
1994
Q4 1994
$1,320,936
1995
Q1 1995
$1,591,696
1995
Q2 1995
$1,804,575
1995
Q3 1995
$1,492,795
1995
Q4 1995
$1,481,651
1996
Q1 1996
$1,616,071
1996
Q2 1996
$2,116,353
1996
Q3 1996
$1,556,592
1996
Q4 1996
$1,634,553
1997
Q1 1997
$1,721,681
1997
Q2 1997
$2,268,995
1997
Q3 1997
$1,675,116
1997
Q4 1997
$1,747,334
1998
Q1 1998
$1,934,866
1998
Q2 1998
$2,674,627
1998
Q3 1998
$1,858,109
1998
Q4 1998
$1,903,224
1999
Q1 1999
$1,849,908
1999
Q2 1999
$2,674,627
1999
Q3 1999
$1,907,558
1999
Q4 1999
$2,034,340
2000
Q1 2000
$2,178,951
2000
Q2 2000
$2,921,087
2000
Q3 2000
$2,261,277
2000
Q4 2000
$2,077,435
2001
Q1 2001
$2,427,038
2001
Q2 2001
$3,136,927
2001
Q3 2001
$2,032,453
2001
Q4 2001
$2,015,896
2002
Q1 2002
$1,940,266
2002
Q2 2002
$1,924,319
2002
Q3 2002
$1,941,082
2002
Q4 2002
$1,869,191
2003
Q1 2003
$1,897,496
2003
Q2 2003
$2,318,380
2003
Q3 2003
$2,021,071
2003
Q4 2003
$2,048,044
2004
Q1 2004
$1,915,021
2004
Q2 2004
$2,846,198
2004
Q3 2004
$2,188,463
2004
Q4 2004
$2,220,971
2005
Q1 2005
$2,040,408
2005
Q2 2005
$3,240,428
2005
Q3 2005
$2,293,346
2005
Q4 2005
$2,360,823
2006
Q1 2006
$2,242,635
2006
Q2 2006
$3,586,633
2006
Q3 2006
$2,483,842
2006
Q4 2006
$2,394,879
2007
Q1 2007
$2,459,776
2007
Q2 2007
$4,061,152
2007
Q3 2007
$2,886,713
2007
Q4 2007
$2,561,976
2008
Q1 2008
$2,817,144
2008
Q2 2008
$4,430,309
2008
Q3 2008
$2,772,409
2008
Q4 2008
$2,513,304
2009
Q1 2009
$2,291,270
2009
Q2 2009
$3,022,102
2009
Q3 2009
$2,409,021
2009
Q4 2009
$2,350,634
2010
Q1 2010
$2,223,780
2010
Q2 2010
$3,144,400
2010
Q3 2010
$2,570,958
2010
Q4 2010
$2,722,616
2011
Q1 2011
$2,454,496
2011
Q2 2011
$3,686,180
2011
Q3 2011
$2,859,162
Code: T40 Individual Income Taxes
Definition: Taxes on individuals measured by net income and taxes on special types of income (e.g., interest, dividends, income from intangible property, etc.).
Includes: For local governments, includes wages, salaries, and other compensation earned by both residents and nonresidents, that are subject to tax collections by the reporting government.
Excludes: Taxes using income from intangible property as a measure of its value as of assessment date (report at Property Taxes, code T01); income taxes on unincorporated businesses (report at Corporation Net Income, code T41); payroll taxes to finance insurance trusts programs, such as Social Security taxes (report at appropriate Social Insurance Trust Revenue code); and city gross earnings taxes (report at Taxes, NEC, code T99).
Special Consideration: This category includes combined individual and corporation income taxes where proceeds could not be separated in older, historical data.
Category: Income Taxes
Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions).
Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year.
Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type.
About this application: This application presents data from the US Census Quarterly Summary of State and Local Government Tax Revenue. The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This quarterly survey has been conducted continuously since 1962. The information contained in this survey is the most current information available on a nationwide basis for government tax collections.
