Here's everything that Massachusetts' 4% tax on millionaires will pay for, from free student lunches to college financial aid

www.businessinsider.com

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brainworms@lemm.ee

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Here's everything that Massachusetts' 4% tax on millionaires will pay for, from free student lunches to college financial aid

www.businessinsider.com

YoBuckStopsHere@lemmy.worldBanned to

politics @lemmy.worldEnglish · 2 years ago

cross-posted to:
brainworms@lemm.ee

Thanks to the state's voter-passed amendment that put a 4% surtax on people's annual incomes above $1 million, $1 billion in revenue has been created.

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2 years ago
Note that we already pay 5% tax on income. This is effectively a second bracket for higher income

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