Maine Voters Pass Surcharge, Recount Requested

Final results were close and late coming in on some ballot issues and the Maine so-called “Millionaire’s Tax” is one of them.  On Election Day, voters approved Question 2, a citizen initiative that reinforces a 2004 law requiring the state to fund 55% of K-12 education costs, a mandate the Legislature failed to meet.  Question…

Read More »

Mass Millionaire’s Tax Clears Hurdle

Seems the ‘Punish the Prosperous Parade’ continues unabated with approval of a proposal at the Massachusetts Constitutional Convention this week to assess an additional 4 percent tax on incomes over $1 million.  Under the state constitution, which currently prohibits a graduated income tax, any proposed amendment to the constitution must be approved by two consecutive…

Read More »

Punishing Success

One of the next frontiers for the tax and spend advocates is very likely to be extra taxes on those who have enjoyed some degree of financial success.  Advocates in Massachusetts want to bring the hammer down on those who are financially successful, pushing for an amendment to the Massachusetts Constitution that would allow for…

Read More »