kottke.orgMay 22, 2024
A Massachusetts “millionaire’s tax” (extra 4% tax on $1M+ incomes) has earned the state more than $1.8 billion in income for fiscal 2023. That’s about double the estimates and the funds will be spent on education and transportation. https://www.wgbh.org/news/politics/2024-05-21/millionaires-tax-revenue-reaches-1-8-billion-on-pace-to-double-estimates
Millionaires tax revenue reaches $1.8 billion, on pace to double estimates

Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state's highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report.

GBH
Show threadTC Won't Give In To Lies

@kottke
Well, well, well

So, in Massachusetts, a #WealthTax did *not* scare away the rich and did *not* fail to raise revenue 🤣🤣🤣

When can we stop lying and tax where the money is? #TaxTheRich

May 22, 2024 at 7:01pmMastodon for Android
Show threadC.S.StrowbridgeMay 22, 2024

@TCatInReality @kottke

I was about to say the same thing.