Other states eye Mass. millionaires tax — for windfall or wealth exodus
Other states eye Mass. millionaires tax — for windfall or wealth exodus
States considering wealth tax proposals, like Pennsylvania and Vermont, are taking note of Massachusetts' revenue gains. But at home, the question of whether the voter-approved Fair Share Amendment is helping or hurting is still a hot topic of debate.
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Great, all three people who have an INCOME of a million dollars a year might have to pay tax if they don't move. Stop passing income taxes and then patting ourselves on the back thinking we taxed the rich, income is just one flavor of money and most rich people with a brain don't have any income, it is the most taxed type of money.
Great, all three people who have an INCOME of a million dollars a year might have to pay tax if they don’t move.
Up to $1M would still pay the same tax as everyone else. Its income from $1m to $2m per year that would get the higher that would pay this new tax.
Except they made a shit ton on it