Voters in Massachusetts will decide in November the fate of a proposed state constitutional amendment pushed by the “social justice” left that would impose a surtax of 4% on incomes of more than $1 million a year.
That would effectively raise the marginal tax rate on every dollar of annual income of Bay State residents in excess of $1 million by 80% — from 5% to 9%. And that’s on top of the 37% federal income-tax rate that a $1 million income taxpayer would pay.
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