Report Wealthy Households Stay in MA Despite Higher Taxes / Public News Service
Higher tax rates for high-income households in Massachusetts are not causing them to leave the state, according to IRS data in a new report from the Massachusetts Budget and Policy Center. In fact, the out-migration rate of households in Massachusetts earning more than $200,000 a year between 2011 and 2020 was lower than forty other states. Kurt Wise, tax policy analyst at the center, said tax changes have little impact on where wealthy households choose to live. ...