A new “millionaire’s tax” in Massachusetts was expected to generate $1 billion in revenue last year to help pay for public education, infrastructure, and early childcare programs, but projections were a bit off, according to a fresh state analysis.
The state Department of Revenue estimated late last week that the Fair Share Amendment, which requires people with incomes over $1 million, to pay a 4% annual surtax, will add $1.5 billion to state coffers this fiscal year, which ends in June—surpassing expectations.
Universal free school meals, much-needed improvements to an aging public transportation system, and tuition-free education for community college students are just some of the programs Massachusetts’ wealthiest residents have helped pay for after voters approved the law in 2022 amid growing calls across the United States to tax the richest households and corporations.
That’s not actually true. As a practical matter you can easily dodge your obligation by getting a job under the table that pays on cash, but the legal obligation remains. If you go without income and property entirely you’ll have the same problems any homeless person does.
Also false. You can’t just legally flee the country, and there’s nowhere inside the country you can do things like own a home without paying taxes on it.
I’m not defending the tax-free attitude of liberterians here, but I am most certainly emphasizing that your claims are false.
That’s why I mentioned boat, not home, ownership. Buy one outright, work for cash and pay cash. Sure, you’ll be living on the fringes of society, but if you’re truly libertarian, that shouldn’t matter – in fact, it’s a bonus.