Massachusetts Clears Millionaire’s Tax

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…

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Ballot Questions Abound

Aside from the Presidential, Senatorial and Congressional elections on the ballot on Tuesday, there are also a broad array of ballot questions that may have a significant impact on business interests – now and/or in the future across the country. We want to highlight a few of these for you. We’ve advised you in past…

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Millionaire Tax Clears First Hurdle in Massachusetts

The Massachusetts state legislature, not a group that is shy about new taxes and meeting in Constitutional Convention on Wednesday, gave initial approval to a proposed constitutional amendment that would impose an additional 4% tax surcharge on all Massachusetts residents with annual income in excess of $1 million. The 147-48 vote advances the question to…

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Mass Millionaire Tax Advances

The Massachusetts legislature, meeting in Constitutional Convention (ConCon) this week gave procedural approval to placing a constitutional amendment on the ballot in 2022. The proposal would amend the state constitution by allowing for classes of taxpayers to be taxed at different levels – more specifically, imposing an additional 4% surcharge on incomes exceeding $1 million.…

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Massachusetts Millionaire Tax Tossed by Court

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…

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It’s the Economy…

With cable and online news outfits reporting on events 24/7/365, it should be easy for the viewing American public to find the really meaningful stories at any hour of the day or night. But the sheer volume of “news,” often offered without any filter or verification, is making it more difficult to separate the journalistic…

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A Ballot Trifecta

SEIU-backed Raise Up Massachusetts is looking to score on a trifecta of issues on the coming November ballot as the group filed two petitions with the Attorney General by Wednesday’s initial deadline.  The two petitions include increasing the Massachusetts minimum wage to $15 per hour, and mandating up to 26 weeks of paid sick leave.…

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Massachusetts Sends Millionaire’s Tax to Ballot

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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And On Taxes . . .

The state of Maine is looking seriously at amending a voter-approved ballot initiative that mandates an additional 3% surcharge from those with incomes over $200,000, an oxymoronic version of a “millionaire’s tax”. Anyway, already in this legislative session, five bills have been filed to amend the narrowly-approved measure and those bills, which run the gamut…

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Punishing Success

We told you over the past several issues about the successful ballot initiative in Maine to add a 3% surtax to incomes over $200,000, clearly a misnomer in that it is referred to as a “Millionaire’s tax”, but a new policy nonetheless.  Well, the city of Portland Oregon has gone Maine one better in its…

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