
The Millionaires’ Tax: How Will It Affect the General Public?
The highest court in Massachusetts on June 22 cleared the millionaires’ tax question. The next step will be made by the Massachusetts voters on the November ballot. The official title for the “millionaires’ tax” is the “Fair Share Amendment,” which requires that for the domestic income over $1 million per year, the taxpayers will be adding a 4% tax. How will it help the rest of the public, in this case, the non-millionaires like us? According to the proposed amendment: […]