Misery. Yes, it's a Stephen King novel that was made into a movie. But it is also the existential state of many taxpayers trying to comply with a more-and-more complicated tax code despite less-and-less assistance from the IRS.
The state of Massachusetts returns an estimated $26 billion in tax breaks each year. That means, the state could have an additional $26 billion in the coffers if it changed its various tax incentives and exemptions for businesses. A panel convened last year by Gov. Patrick and the state legislature called the Tax Expenditure Commission approved the group's final report calling from less tax breaks and a periodic review of our current tax breaks to ensure they are meeting goals.