Reposted by @demdailyaction.bsky.social
MA put in a 4% millionaires tax 2 years ago, & the GOP said we'd miss revenue targets & millionaires would flee. MA collected TWICE the projected revenues, & the number of millionaires went UP 40%.
www.wbur.org/news/2025/04...
wbur.org
Not fleeing: New report shows more wealthy residents in Mass., 2 years into 'millionaire's tax'
Despite previous concerns, Massachusetts' "millionaire's tax" hasn't seemed to deter high-earners from continuing to live here, according to a new study from the Institute for Policy Studies.
