Page 4 - Share Amendment News Today

The tax change could raise funds in a way likely to “advance racial and economic equity,” according to a new study. Learn more at Boston.com.

PITTSFIELD — For Massachusetts to fund schools and transportation sufficiently, supporters of a 2022 ballot question say, its top earners need to pay a bit more in taxes.

In the wake of the COVID-19 pandemic, the Massachusetts governor remains opposed to the proposed millionaire tax amendment.

GREENFIELD — Community members will join others across the state at noon Saturday in launching a local campaign to pass what supporters are calling the “Fair Share Amendment.”The Fair Share Amendment is a proposal to amend the state constitution to...

PITTSFIELD — Supporters of a proposed "millionaire tax" will gather in Park Square on Thursday to launch a local campaign to pass the legislative amendment.

This article is more than 2 years old. Voters will not have an opportunity to impose an income surtax on the state’s wealthiest earners this November, after the Supreme Judicial Court issued a long-anticipated ruling Monday that the proposal known as the "millionaire’s tax" cannot appear on the ballot. The proposal, which supporters dubbed the “Fair Share Amendment,” would have raised an estimated $2 billion via a 4 percent surtax on any income above $1 million. The amendment stipul...

BOSTON (AP) — Massachusetts lawmakers are expected to vote next week to send a proposed “millionaire tax” question to next year’s ballot.

The senator from Massachusetts wants to impose a 2% annual tax on net worth over $50 million, including assets like stocks and property. The plan calls for an additional 1% tax to be added on all net worth above $1 billion.