Proposed Mass. ‘Millionaires’ Tax’ deemed unconstitutional

THE PROPOSED
THE PROPOSED "millionaires' tax" in Massachusetts has been revived by a pair of state legislators. / BLOOMBERG FILE PHOTO/SCOTT EISEN
PROVIDENCE – The Mass. Supreme Judicial Court has struck down a proposal to impose higher income taxes on residents that make more than $1 million, the Boston Business Journal reported Monday. The “Millionaires’ Tax” would have taxed any income greater than $1 million by an additional 4 percent. The court ruled that the rule would…

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