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Institute for Policy Studies
ips-dc.org
did:plc:6a4hbmycvqfyfze3x5lusakv
NEW: The first two years of Massachusetts' millionaire tax has raised $3 billion more than expected.
And rather than driving the rich away, IPS researchers found that the number of millionaires has *increased.*
Tax the rich. Greg Ryan in @bloomberg.com:
https://www.bloomberg.com/news/articles/2025-10-21/millionaire-tax-that-inspired-mamdani-fuels-5-7-billion-haul-in-massachusetts
2025-11-12T16:01:41.626Z