Despite the fact that tax receipts have been well above expectations in the wake of the coronavirus pandemic, the Massachusetts legislature this week cleared the so-called Millionaires tax to appear on the state ballot in 2022. The measure, which required approval by two consecutive legislative sessions in order to advance, was passed Wednesday on a…
Read More »The Massachusetts Supreme Court has thrown out efforts by progressives to implement an additional 4% surcharge on those who earn in excess of $1 million annually. The Millionaire’s Tax or the “Fair Share Amendment” as it is being called, was drafted as a ballot initiative for the November election and would have earmarked the projected…
Read More »In an unfortunate, but sadly not surprising move, the Massachusetts legislature, meeting in Constitutional Convention, gave final approval to a proposed amendment to the state constitution that would tack an additional 4% tax on incomes in excess of $1 million. The so-called Fair Share Amendment needed to secure 50 favorable votes from the 200 legislators…
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