$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's tax' first year
www.wbur.org
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.
  • Knedliky
    2·
    6 months ago

    Even that fear is not really supported by data, according to Cristobal Young’s The Myth of Millionaire Tax Flight.