$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich

I love that the main criticism is that this will cause the ultra wealthy to leave the state. That just seems like a reason to implement this nationwide rather than at the state level.

I voted for this. There was a lot of outright blatant lies on the commercials against this.

I forgot it even passed until my kid started kindergarten in the fall and during registration we were told starting that year all school lunches are free.

If they want to leave then good riddance. If you aren't willing to contribute to society then go live on a deserted island.

I'm an international student in MA, I remember getting SMS spam telling me to vote against it since it is aimed against retired people and veterans. Don't ask me how

This appears to be a tax on regular income, but I thought that very rich people set up their finances so that their income appeared as carried interest, capital gains, etc. Are those subject to this tax?

About fucking time now the feds should do the other 49 states. But we all know that will never happen.

Tax them until they wanna move to Mexico... see if they prefer paying taxes over loosing a finger 🤘. Sometimes the kid nappers send a finger. If you don't pay they send the rest of the body in installments. But paying taxes is too burdensome I suppose.

People out here saying "Taxachusetts" like that's a bad thing lol!

Who knew that taxes aren't the devil?

Permanently Deleted

Let's see how this plays out.

"Meanwhile, overall state revenue collections are falling short of expectations, despite the new money from the millionaire's tax.

State finance analysts point to larger macroeconomic trends, like a drop-off in the purchasing of durable goods and a slowdown in hiring."

Government Intervention 101, unfortunatly. Where's that econ graph of this exact thing?