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Politics

New tax on high incomes could generate at least $1.4 billion next year, state officials project

Narrowly passed by voters on the November ballot, the measure increases the state’s 5 percent income tax rate to 9 percent on annual income exceeding $1 million.

Politics

Barely a month after Election Day, Galvin floats tweaks to ‘millionaires tax’ to exempt some homeowners

Voters narrowly approved the measure last month, which will add an extra state tax to incomes over $1 million a year.

Economy

The ‘millionaires tax’ is a big change for Massachusetts. What happens now?

Lawmakers could tinker with the tax code if too many people are caught up in the new tax on high earnings, but few expect changes anytime soon.

Economy

‘They just didn’t care’: Why more business leaders didn’t fight the ‘millionaires tax’

Local business leaders conceded that they struggled to recruit enough companies, their chief executives, and other heavy hitters to go public with their opposition to Question 1 — and donate to the campaign.

Editorials

A warning for lawmakers in Question 1′s narrow win

Voters remain skeptical of politicians’ ability to keep their election promises to spend the millionaires tax wisely.

Finance

Here’s how every town in Mass., from richest to poorest, voted on the ‘millionaires tax’

Statewide, the extra tax on high earners won Tuesday’s election by a narrow margin, but town-by-town results were all over the map.

Finance

The ‘millionaires tax’ passed. What does that mean for your taxes?

Income doesn’t start counting toward the "millionaire’s tax" until Jan. 1, 2023. Here’s what you can do before and after then to minimize its impact on you.

Economy

Passage of the Mass. ‘millionaires tax’ amends the state’s flat tax rate

After a hard-fought campaign, voters approved an extra 4 percent tax on incomes over $1 million.