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News@lemmy.world · 11 months ago

$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich

cross-posted to:
brainworms@lemm.ee

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$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich

return2ozma@lemmy.world to

News@lemmy.world · 11 months ago

cross-posted to:
brainworms@lemm.ee

$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's tax' first year

Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.

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eran_morad@lemmy.world
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11 months ago
Lolbruh, median house price in MA $595,700
- Mamertine@lemmy.world
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  What are you trying to show?
  
  You didn’t have to make $1,000,000 per year to buy a $600,000 house.
  - eran_morad@lemmy.world
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    11 months ago
    That the median house price in MA is 38% higher than the median US house price, suggesting that the wealthy aren’t fucking off.
- NOT_RICK@lemmy.world
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