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@Potatos_are_not_friends@lemmy.world to United States | News & Politics@lemmy.ml • 1 year ago

‘Millionaires tax’ has already generated $1.8 billion this year for Massachusetts, blowing past projections

www.bostonglobe.com

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‘Millionaires tax’ has already generated $1.8 billion this year for Massachusetts, blowing past projections

www.bostonglobe.com

@Potatos_are_not_friends@lemmy.world to United States | News & Politics@lemmy.ml • 1 year ago
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‘Millionaires tax’ has already generated $1.8 billion this year for Massachusetts, blowing past projections - The Boston Globe
www.bostonglobe.com
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The estimated haul is already $800 million more than what Governor Maura Healey and state lawmakers planned to spend from its revenue in fiscal year 2024.
  • davel [he/him]
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    40•1 year ago

    Some will, but probably not that many. There are still plenty of millionaires in California in spite of the state’s tax law.

    • @xtr0n@sh.itjust.works
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      37•1 year ago

      Yeah, people with all the money in the world are gonna give up their Malibu mansions with private beaches and sick views to move to North Dakota to avoid taxes 🙄

      I guess super rich people in Boston might move to New Hampshire but it’s still a huge step down in amenities, proximity to workers (for the job creators), and social events (for the benefactors). And then your adult children are borrowing the helicopter to go everywhere.

      • @ZombiFrancis@sh.itjust.works
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        12•1 year ago

        They’re also not suffering at all whatsoever right now and can easily afford it. Some even are open to just paying a tax if it means people feel less hungry for their faces.

    • @JesterIzDead@lemm.ee
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      2•1 year ago

      https://pioneerinstitute.org/news/study-net-out-migration-of-wealth-from-massachusetts-nearly-quintupled-from-2012-2021/#:~:text=Between 2019 and 2021%2C Massachusetts,to %244.3 billion in 2021.

      • Coriza
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        8•1 year ago

        https://lemmy.world/comment/10194330

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