Hubwonk360 Video: If we tax them, will they leave?

Massachusetts is again considering a constitutional amendment that could dramatically increase the income tax on retirees and small businesses. Pioneer Institute has published dozens of research papers on the economic implications of the proposed tax hike, and recently compiled them in a book, Back to Taxachusetts? How the proposed tax amendment would upend one of the nation’s best economies. In this brief, six-minute video, Pioneer Executive Director Jim Stergios and Director of Government Transparency, Mary Z. Connaughton, walk through:

• Who this proposal would affect
• Why it would likely drive out retirees, homeowners, and small business owners, and 
• How that exodus would devastate the Bay State’s economy

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Public Statement on Massachusetts High Technology Council’s Challenge to the Graduated Income Tax Ballot Language

November 19, 2021

The Massachusetts High Technology Council is right to insist on transparency in the language of a tax hike amendment scheduled to appear on the Massachusetts state ballot next year.

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Study: “Millionaire’s Tax” Would Have Far-Reaching Effects on “Pass-Through” Businesses

November 17, 2021

A proposed graduated income tax that will appear on the statewide ballot in November 2022 will have much more far-reaching implications than most people realize because the surtax also extends to “pass-through” income from entities such as S and limited liability corporations, partnerships, and sole proprietorships that are taxed on individual tax returns, according to a new study published by Pioneer Institute.

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Study Warns that New Hampshire Tax Policies Would Exacerbate Impacts of a Graduated Income Tax

October 7, 2021

Drawing on migration patterns between Massachusetts and states like Rhode Island and Tennessee, Pioneer Institute is releasing a study showing a direct correlation between personal income tax rates and household domestic migration patterns between 2004 and 2019. The study suggests that instituting a graduated income tax will shrink the tax base and deter talented workers and innovative employers from coming to and staying in the Bay State.

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Study Finds SALT Deduction Cap, Graduated Income Tax Will Combine to More Than Double Tax Burden on Some Households

September 27, 2021

A provision of the federal Tax Cuts and Jobs Act of 2017 strictly limiting deductions for state and local taxes (SALT) will greatly exacerbate the adverse effects of a proposal to create a constitutionally mandated graduated income tax, according to a new study published by Pioneer Institute.

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This Is No Time for a Tax Increase

June 9, 2021

This is no time to threaten Massachusetts’ prospects for an immediate economic recovery and the long-term competitiveness of the Commonwealth’s businesses. As Massachusetts lawmakers prepare to vote on whether to send a proposed constitutional amendment that would impose a 4 percent surtax on residents who earn $1 million or more in a year to the statewide ballot in 2022, Pioneer Institute urges them to recognize that tax policy sizably impacts business and job location decisions and that jobs are more mobile than ever.

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Study Finds Deep Flaws in Advocates’ Claims that the Massachusetts Tax Code is Regressive

June 1, 2021

Proponents of a state constitutional amendment to add a 4 percent surtax on all households with annual income above $1 million frequently cite 2015 data from the Institute on Taxation and Economic Policy, which argues that the Massachusetts tax code is regressive, but a new study published by Pioneer Institute debunks many of the underlying assumptions used in ITEP’s 2015 report.

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Study Says Interstate Tax Competition, Relocation Subsidies Exacerbate Telecommuting Trends

May 5, 2021

A spate of new incentive and subsidy programs seeking to lure talented workers and innovative businesses away from their home states could constitute an additional challenge to Massachusetts’ economic and fiscal recovery from COVID-19, according to a new study published by Pioneer Institute.

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Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the “Innovation Economy”

April 26, 2021

A state constitutional amendment promoted by the Massachusetts Teachers Association and the Service Employees International Union adding a 4 percent surtax to all annual income above $1 million could devastate innovative startups dependent on Boston’s financial services industry for funding, ultimately hampering the region’s recovery from the COVID-19 economic recession, according to a new study published by Pioneer Institute.

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