New Englanders have lengthy held a slight edge on their New York neighbors in fiscal sanity (if not at all times in baseball). Now progressives in Boston wish to be a part of New York and different close by states in a high-tax arms race. Massachusetts voters have the selection to dam a tax hike and protect a income mannequin that works.
Bay State ballots in November will give voters the selection to position a 4% surtax on incomes above $1 million, bringing the highest price to 9% from 5%. The proposal would amend the state structure to take away its flat-tax mandate. Passing the measure would rocket Massachusetts to seventh from thirty first on the listing of states with the best marginal income-tax charges.