'Taxachusetts' Ballot Measure Could Push Its Millionaires Out

'Taxachusetts' Ballot Measure Could Push Its Millionaires Out
(AP Photo/Jon Elswick)

This past week, all eyes were on races that would determine who controlled legislative power in states and Congress. But important as those races were, just as important were ballot measures around the country. One such measure in Massachusetts is likely to intensify the exodus of high-income taxpayers to greener pastures.

The ballot question, over an amendment unimaginatively dubbed the “Fair Share Amendment,” determined whether or not to impose a 4 percent surtax on Massachusetts residents making over $1 million annually. Voters approved the measure by a narrow margin

 

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