The Economic and Fiscal Effects of a Proposed Millionaires’ Tax in Massachusetts
(Medway, MA; June 8, 2021) – A new study by the Beacon Hill Institute finds that the proposed “millionaire’s tax” headed for Massachusetts ballot in 2022 will likely harm the state’s economy with the loss of jobs, investment and disposable income. The study, based on the Institute’s State Tax Analysis Modeling Program (STAMP) also found that the state would lose high income households to other states. House Bill 86…
