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Filename Tax-Flight-of-the-Wealthy-PB.pdf
Filesize 266 KB
Version 1
Date added June 16, 2021
Downloaded 468 times
Category Economic Opportunity, Massachusetts Economy, Policy Briefs, State Budget

Date: June 17, 2021

Author: Andrew Mikula

A new literature review by Pioneer Institute shows that many existing academic studies find that wealthy individuals are particularly sensitive to changes in tax policy. Other studies explicitly warn policymakers that behavioral responses to taxing the rich could erode the tax base and ultimately strain state budgets. The Pioneer Institute study ties the results of these academic pieces into Massachusetts’ current graduated income tax proposal.