WBUR Poll: 3 State Ballot Initiatives Enjoy Overwhelming Support

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Nov 16 2017

WBUR

McAnneny also warns that some of the money from the millionaires’ tax might not materialize. “It’s likely to be less than [what the state estimates],” she said. “We’ve seen that in other states that have enacted similar policies, namely New Jersey and Connecticut. A lot of the money that will come in is based on volatile sources of income, so things like capital gains, and dividends, and interest, which is highly cyclical and where people have some control when they sell capital assets and so forth.”
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