November 3, 2022

Question 1 has pitfalls, no guarantees (Editorial)

Several reasons exist to vote “No,” on Question 1 on Tuesday’s statewide election ballot, but the best might be that there’s no assurance extra tax revenue would even go where it’s supposed to go.

Question 1 is known colloquially as the “Fair Share Amendment,” or the “millionaire’s tax.” It would change the Massachusetts Constitution – a risky practice to undertake by referendum in the first place – by placing a 9% tax on persons with $1 million or more in income.

The state constitution calls for all citizens to be taxed at 5%. Thus, higher-income residents are already paying more in real dollars.

Read the original article