Join Nostr
2025-10-22 15:37:08 UTC

The Human Capybara on Nostr: #taxtherich OMG! It works! Who would have thought?! /s "A millionaire levy in ...

#taxtherich
OMG! It works! Who would have thought?! /s

"A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state."

"The law, which charges a 4% surtax on incomes over $1 million, has created a $5.7 billion windfall to fund bridge repairs, literacy programs, and address the transportation system's budget deficit."

https://www.bloomberg.com/news/articles/2025-10-21/millionaire-tax-that-inspired-mamdani-fuels-5-7-billion-haul-in-massachusetts?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2MTA2MTU2OSwiZXhwIjoxNzYxNjY2MzY5LCJhcnRpY2xlSWQiOiJUNDhKTFVHT1lNVEQwMCIsImJjb25uZWN0SWQiOiJEQTlFODU5Q0VDRUE0MkZFQjY4MEIwRjU4NjVERDU4QiJ9.rfT9_EtHho8RjecXjGrhX7WYDnQjqcU-tJ7zylXZWeY&leadSource=uverify%20wall

#tax #economy #justice #publicservice #government