Massachusetts Millionaires Surge: How a New Tax is Fueling Public Services and Economic Growth!
Image Credit: mjbs/123rf.com A recent report from the Institute for Policy Studies (IPS) reveals that Massachusetts’ Fair Share Amendment, which introduced a four percent surtax on incomes exceeding $1 million, has not driven wealthy residents away, contrary to initial fears. From 2022 to 2024, the number of millionaires in the state grew by nearly 39…