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| Filename | HousingandMillionaire-WP.pdf |
| Filesize | 785 KB |
| Version | 1 |
| Date added | March 26, 2018 |
| Downloaded | 13535 times |
| Category | Economic Opportunity, Housing, Massachusetts Economy, State Budget, White Papers |
Author: Greg Sullivan
Date: March 26, 2018
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.