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return2ozma@lemmy.world to News@lemmy.world · 1 year ago

$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich

www.wbur.org

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$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich

www.wbur.org

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
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$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's tax' first year
www.wbur.org
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Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.
  • AbidanYre@lemmy.world
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    1 year ago

    Nice cop out.

    • schmidtster@lemmy.world
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      1 year ago

      Eh… be proud of the lower taxes and quality of life if you want I guess.

      • AbidanYre@lemmy.world
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        1 year ago

        So, you agree that places with higher taxes have a higher quality of life? Thanks, I guess.

        The tax is specifically on taxable income over $1M (after the loopholes).

        And Massachusetts in particular is noted for having a high quality of life.

        • schmidtster@lemmy.world
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          1 year ago

          It’s funny to say you’re ignoring the abundance of places that do have lower taxes and are also much better places to live.

          The only places better than Massachusetts all dont all have higher taxes despite your original asinine claim…

          But they, people love living in a bubble.

          • AbidanYre@lemmy.world
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            1 year ago

            But they, people love living in a bubble.

            You mean the guy who thinks average tax rate is relevant to a discussion about taxable income over $1M?

            I would ask you to name some of these abundant places, but between the lame insults and embarrassing grammar, I don’t actually care what you have to say. I provided sources for the high standard of living, and marginal tax rates are easy to find.

            Enjoy your bubble.

        • RedFox@infosec.pub
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          1 year ago

          noted

          Where, what?

          I’m about to do some googling, but Im curious what you’re basing that on. Like most things, this seems n subjective.

          • AbidanYre@lemmy.world
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            1 year ago

            https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_Human_Development_Index_score

            https://worldpopulationreview.com/state-rankings/quality-of-life-by-state

            https://wallethub.com/edu/best-states-to-live-in/62617

            It’s pretty easy to search: https://duckduckgo.com/?q=quality of life Massachusetts&ko=-1&ia=web

            Sure, it’s somewhat subjective. But it’s fairly consistent, and not just me making stuff up.

            • zbyte64@lemmy.blahaj.zone
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              1 year ago

              It’s like when people point to how expensive a state is while denying that it is expensive because so many people want to live there.

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