surtax

Massachusetts

‘Millionaire tax’ will tie their hands on policy, group warns lawmakers

STATE HOUSE — Ahead of a potential vote on the proposal, the Massachusetts High Technology Council warned Wednesday that a proposed 4 percent surtax on incomes over $1 million would "severely limit legislative and citizen power to set and amend tax policy in response to economic conditions." The House

Massachusetts

Millionaire tax measure moves closer to 2018 ballot

BOSTON – The Legislature's Committee on Revenue on Thursday morning gave its stamp of approval to a proposed constitutional amendment that would establish a 4 percent surtax on income in excess of $1 million in a bid to raise $1.9 billion. The proposal (H. 3933) seeks to raise