Passing of Mass’ ‘Millionaire Tax’ Changes State’s Flat Tax Rate – The Boston Globe
Question 1 will amend the state constitution to add 4 percentage points to the 5% state income tax, for annual incomes over $1 million. The union-backed Raise Up Massachusetts coalition, which has been pursuing the measure for the better part of a decade, said the new surtax could raise as much as $2 billion a …
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