Millionaire Tax That Inspired Mamdani Fuels $5.7 Billion Haul in Massachusetts
A millionaire levy in Massachusetts that New York City mayoral frontrunner Zohran Mamdani holds up as a model for taxing the rich has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.
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Comments12
Lol
But still...
They're fucking millionaires...
They're not being "priced out" of states with taxes like this.
If they want to go live in Scottsdale Arizona, more power to them. But very few will.
And I'm super disappointed I couldn't find a clip from American Dad where Klaus shit's on Scottsdale.
It's more ironic to think that those pissy rich people throwing a tantrum about how taxes ruin everything, yet they almost always prefer to live in high taxes places because living there is better.
The hypocrisy would be so funny if it wasn't so harmful to most people.
If they were just going to leave when taxes are imposed, they wouldn't be fighting it so hard. They spend huge amounts of money fighting tax increases because they know they'll stay either way
I mean, only if you think those are genuine hissyfits and not just trying it just because it might work and costs them virtually nothing.
It's not that say it and back down.
It's that they say it because it costs them nothing to say it and they might get away with it.
There is absolutely no data scientist, data engineer, or dev in the "AI space" that has turned down a million+ salary because of the state's mild marginal tax rate bump. Like, jfc, these pissbabies
Million dollar salaries themselves are incredibly rare. Just executives and star talent whose names alone will bring in more investment. Being really smart isn't what drives a crazy salary like that.
So… if you tax millionaires, they won’t simply leave?
Hmm…
Well if people are leaving the state to avoid this 4% tax we just got to enact it everywhere. Problem solved
Then they’ll say they’ll leave the country, as they say here in the UK. And to that I say… AND? I don’t want a load of freeloading companies or billionaires. If you can get rich using public stuff like roads and stuff then you should want to contribute.
I’m happy to pay taxes for the betterment of society, I just want the wealthiest to pay their fair fucking share. How radical of me.
Funny as the Greens are running on this now and you can see people attacking them on appearance and other silly things because you really can’t attack their policies.
Fuck you Jeremy Clarkson for talking about poor teeth as if that’s a prerequisite for being a good person.
Which they never will. You could (and should) raise their tax rate all the way to 90% and the US system would STILL be better for enabling their excesses and protecting both their wealth and themselves than any other, since that's what it's been tailored specifically for since January 1981.
rAmen, brother/sister/other!
Time for establishment dems to ignore the statistics the same way the republicans ignore the rest of science.
Oh, look at that, they didn't all move out.