'Millionaire's tax' could backfire, group warns

Jun 13 2017

By Michael Norton, State House News Service / The Lowell Sun

"The millionaire's tax does not align with the state's economic interests because it taxes talent -- Massachusetts' principal competitive advantage," the analysis says. "The appeal is easy to understand -- it is projected to raise almost $2 billion per year; does not require legislators to take a vote on a tax increase; and targets a small number of wealthy taxpayers. But as the old adage suggests, if it sounds too good to be true, it probably is.
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