Subscribe

Welcome to the ‘Millionaire’s Tax’

State launches 9% rate for high earners.

It’s been called the cradle of liberty, throws great parties (tea) and is the state with the nation’s third highest median income (if you include D.C.).

And now? Now it’s decided to turn the screws on some of its biggest earners.

Late last week Massachusetts Gov. Maura Healey ratified th

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Investment advisory firm case hits Supreme Court this week

Ruling could upend SEC’s 'Orwellian and terrifying' powers, amicus brief argues.

Citi initiates restructuring with significant job cuts

Thousands could be affected as bank slashes positions.

Independent advisory firm launches in Massachusetts with $650m in assets

Two advisors formerly affiliated with Morgan Stanley and UBS make the jump to new RIA.

Finra in surprise proposal to allow predicted returns in marketing

SEC reviewing submission to allow 'useful' projected performance.

Goldman Sachs Japan president in sudden departure

Hank Paulson-appointed regional boss abruptly out.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print