Massachusetts Flirts With Tax Masochism

New Englanders have long had a slight edge over their New York neighbors in terms of financial sanity (if not always baseball). Now, progressives in Boston want to join New York and other nearby states in a highly taxing arms race. Massachusetts voters have the choice to block tax increases and maintain a revenue model that works.

The Bay State votes in November will give voters the option to set a 4% surcharge tax on income over $1 million, bringing the top rate from 5% to 9%. The proposal would amend the state constitution to remove the flat tax provision. Passage of the measure would move Massachusetts into seventh place from 31 on the list of states with the highest marginal income taxes.

https://www.wsj.com/articles/massachusetts-flirts-with-tax-masochism-charlie-baker-tax-hike-revenue-11664383225 Massachusetts Flirts With Tax Masochism

Edmund DeMarche

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