The Massachusetts Taxpayers Foundation, which includes large businesses, says a proposed 4 percent surtax on income for people making $1 million or more wouldn't bring in nearly as much revenue as expected if some people leave Massachusetts because of it — and that Massachusetts would suffer from a talent drain that would hurt the economy. The referendum is expected to go on the state general election ballot in November 2018.
The Massachusetts Taxpayers Foundation, which includes large businesses, says a proposed 4 percent surtax on income for people making $1 million or more wouldn't bring in nearly as much revenue as expected if some people leave Massachusetts because of it — and that Massachusetts would suffer from a talent drain that would hurt the economy. The referendum is expected to go on the state general election ballot in November 2018.…
