Back To Taxachusetts How The Proposed Constitutional Tax Amendment Would Upend One Of The Nation Best Economies(1st Edition)
Authors:
Gregory Sullivan, Liam Day, Andrew Mikula
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ISBN: 098520866X, 978-0985208660
Book publisher: Pioneer Institute (April 27, 2022)
Back To Taxachusetts How The Proposed Constitutional Tax Amendment Would Upend One Of The Nation Best Economies 1st Edition Summary: BACK TO TAXACHUSETTS? represents the distillation of 24 studies on the impacts of the income tax proposal before Massachusetts voters this November. The book reviews the experience of states imposing similar taxes and demonstrates how the tax will devastate Massachusetts’ economic competitiveness and harm retirees, homeowners and small businesses. It reveals the false narratives advanced by the tax’s proponents who portray it as affecting a small number of “millionaires,” funding designated purposes, and remedying Massachusetts’ “regressive” tax regime. Finally, it examines the tax’s impact in a post-pandemic economy, where companies and employees are mobile, states compete for telecommuters, and federal tax policies continue to cap state and local tax deductibility.
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