$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.
  • AbidanYre@lemmy.worldEnglish
    1·
    6 months ago

    Yes, I understand how marginal rates work.

    The one we’re talking about is the state income tax:

    5% - $0 to $1,000,000

    9% - $1,000,000+