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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

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

@return2ozma@lemmy.world to

News@lemmy.world • 1 year ago

$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's tax' first year

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.

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@Djtecha@lemm.ee
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13•1 year ago
Yea except I’m sure our federal government would just blow it on more missles and bullets. At least here it’s doing good things like feeding kids.
- @qbus@lemmy.world
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  10•1 year ago
  Fun fact! Where do you think those missiles are designed? It’s not all universities in Boston.

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