Jul 7, 2017
A “Millionaire’s Tax” for Massachusetts?
Last month, the Massachusetts Legislature approved a constitutional amendment, known as the "Millionaire's Tax". If adopted (as described below), the amendment would add a 4% surtax on all taxable income above $1,000,000 to raise revenue for education and transportation. Under the Massachusetts Constitution, amendments proposed by petition are known as initiative amendments, and those proposed The post A "Millionaire's Tax" for Massachusetts? appeared first on The Colony Group.