Fri
Nov 7 2025
05:00 am
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.
Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts
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Since the Fair Share
Since the Fair Share Amendment, or the so-called “millionaires tax,” passed in 2022, Massachusetts has seen an increase in high earners.