BBJ: Mass. ‘millionaires tax’ legislation introduced again

THE PROPOSED
THE PROPOSED "millionaires' tax" in Massachusetts has been revived by a pair of state legislators. / BLOOMBERG FILE PHOTO/SCOTT EISEN
BOSTON – In reporting Friday, the Boston Business Journal said that Massachusetts legislators have revived a proposed “millionaires tax” that was rejected by the state’s Supreme Judicial Court last year. The law would add a 4 percentage point tax on every dollar earned above $1 million a year by a Massachusetts resident. The revenue generated by…

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