Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

Personal Income Tax


Fiscal Year 2016 Personal Income Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2012

FY2013

FY2014

FY2015

FY2016
1.000 - Exclusions from Gross Income 3,592.5 3,844.3 3,909.2 4,072.5 4,242.6
1.100 - Deferrals of Gross Income 967.9 955.4 936.4 1,080.5 1,305.6
1.200 - Deductions from Gross Income 0.1 0.1 0.1 0.1 0.1
1.300 - Accelerated Deductions from Gross Income 105.1 102.5 107.8 105.8 104.8
1.400 - Deductions from Adjusted Gross Income 810.1 840.0 855.8 870.1 886.6
1.500 - Preferential Rate of Taxation 0.0 0.1 0.7 2.3 2.3
1.600 - Credits Against Tax 217.9 229.6 249.0 255.8 263.7
TOTAL 5,693.6 5,972.0 6,059.0 6,387.1 6,805.7

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