It's Official: 'Millionaires' Income Surtax Heads To 2022 Ballot - Boston, MA - Voters will decide whether all household income over $1 million will be taxed at an effective rate of 9 percent 4 percent more than now.
With a vote of the House and Senate Wednesday afternoon, the Massachusetts Legislature effectively kicked off a year-and-a-half-long ballot campaign around the proposed constitutional amendment to increase taxes on the
With a vote of the House and Senate Wednesday afternoon, the Massachusetts Legislature effectively kicked off a year-and-a-half-long ballot campaign around the proposed constitutional amendment to increase taxes on the wealthy and move away from the state's flat income tax rate structure.
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Bakerâs hunt for the wily gooney bird
The governorâs idea of raising revenue is a mix of the good, the bad, and the what-the-hell-is-he-thinking.
By Rachelle G. Cohen Globe Staff,Updated February 8, 2021, 12:20 p.m.
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Sam Doran
Thereâs an oft told tale of the early days of the William Weld administration, when the wunderkinder who made up the governorâs inner circle (most of them former prosecutors) were huddled
, putting together their first state budget.
Revenue had to equal spending â a simple enough concept, but not so simple in the actual doing. They added up the revenue numbers one more time â still $100 million short. The hour was late, a time when wacky ideas begin to sound almost sensible. Hey, how about selling off state land, one suggested. Sure, why not. And the entirely fictional proceeds? Well, how about $100 million?