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News@lemmy.world · 1 year ago

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

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

return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's tax' first year

Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.

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RedFox@infosec.pub
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1 year ago
Let’s see how this plays out.
- iquanyin@lemmy.world
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  1 year ago
  what so bold about taxing people fairly to run your state better?
  - zbyte64@lemmy.blahaj.zone
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    1 year ago
    It is almost as if the rich were the real burden on the state…

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