cost of living

While many Massachusetts residents relocated to either New Hampshire or Florida in 2021, a considerable amount of New Yorkers migrated into Massachusetts. Their motivation to relocate seems largely tied to the harsh taxes in New York, which surpass the rates in Massachusetts.

There is a housing crisis in the Bay State, a fact unlikely to surprise many of the state’s residents. Massachusetts consistently ranks as one of the most expensive places to live in the entire country, right up there with infamously unaffordable places...

The state constitutional amendment proposed by the Service Employees International Union and the Massachusetts Teachers Association to add a 4 percent surtax to all annual income above $1 million purports to use cost-of-living-based bracket adjustments as a safeguard that will ensure only millionaires will pay. But historic income growth trends suggest that bracket creep will cause many non-millionaires to be subject to the surtax over time, according to a new study published by Pioneer Institute.

The state constitutional amendment proposed by the Service Employees International Union and the Massachusetts Teachers Association to add a 4 percent surtax to all annual income above $1 million purports to use cost-of-living-based bracket adjustments as a safeguard that will ensure only millionaires will pay. But historic income growth trends suggest that bracket creep will cause many non-millionaires to be subject to the surtax over time, according to this report, "The Great Mismatch: The graduated income tax proposal’s gravely flawed escalation factor."