taxpayer

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.

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.

Passage of November 2018 ballot measure would jeopardize Massachusetts’ long-term economic health BOSTON – Passage of Proposition 80, the tax hike proposal scheduled to appear on the November 2018 Massachusetts ballot, would accelerate migration out of Massachusetts, especially to Florida and New...