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Massachusetts’s Proposed ‘Millionaires’ Tax’ Will Push up the Federal Deficit

Massachusetts’s Proposed ‘Millionaires’ Tax’ Will Push up the Federal Deficit

Apr 18, 2022 | Op-Eds

There is a proposed tax change in Massachusetts that should have all who are interested in fiscal policy concerned. In November, Bay State voters will decide whether to adopt an amendment to the state constitution imposing a 4 percent surtax on annual taxable income above $1 million starting in 2023.

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