Housing & Who’s a ‘Millionaire’ according to Proposition 80

Share on Facebook
Share on Twitter
Share on
LinkedIn
+

The tax hike on those with annual taxable incomes of $1 million or more that would result from a proposed amendment to the state constitution scheduled to appear on the Commonwealth’s November ballot would likely ensnare an ever-increasing number of taxpayers because the index used to adjust the million-dollar threshold has historically grown at a far slower rate than the taxable income of Massachusetts taxpayers and increases in state home values.

Download Report: Housing & Who’s a ‘Millionaire’ according to Proposition 80