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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.