#TaxPolicy

Lessons from the 2000 Massachusetts Income-Tax Rollback: A Reality-Check for the 2025 Ballot Debate is an empirical analysis of Massachusetts revenue data from FY1998–FY2021. The study concludes that a one-point rate reduction is unlikely to produce large, persistent revenue shortfalls, and that long-term fiscal stability depends far more on economic performance than on marginal rate differences.

Research indicates that tax policy plays a key role in outmigration from Massachusetts, and a new study published by Pioneer Institute highlights six tax reforms that would help the Commonwealth address its outmigration and competitiveness challenges. 

Want to make $1 million every year? The good news is that your chances are much better now than they were 10 years ago. Using Pioneer Institute’s US DataLabs Economy and Taxation applications, you can see just how many more people are making $1 million than were 10 years ago, and where they reside, using the information most recently available from the IRS.