Mass. High Court Keeps Millionaire’s Tax On the Ballot
The Supreme Judicial Court rejected business groups’ latest legal challenge to the blockbuster ballot question asking voters if they support a new surtax on household income above $1 million.
Baker: Income Surtax Already Spent ‘Six Ways To Sunday’
While declining to take a position on a proposed 4 percent income surtax on household income above $1 million, Gov. Charlie Baker in a televised interview Sunday reiterated his general opposition to new taxes and said Beacon Hill leaders should try to solve immediate budget difficulties without seeking more revenue from taxpayers who, he said, are managing their own affairs in the face of low personal income growth rates.
Income Tax Rate Will Hold At 5.1 Percent In January
For the first time in four years, Massachusetts taxpayers will not see the tax rate they pay on income drop come January after state revenues failed to grow sufficiently to meet the first trigger for a reduction.
