Millionaires tax is unwise and unworthy
The Massachusetts Constitution contains a barrier against class warfare. Will voters tear it up?
On the Massachusetts ballot this November will be another attempt by progressive activists to get voters to agree to something they have repeatedly rejected. The proposed “Fair Share Amendment” would rewrite the Commonwealth’s Constitution, which for 106 years has decreed that income may be taxed only at a uniform rate. If voters agree, Article 44 of the Constitution would be changed to allow Beacon Hill to impose a surtax of 4 percentage points on any income above $1 million. That would raise the marginal tax rate on million-dollar earners from 5 percent to 9 percent — a whopping 80 percent increase.