Millionaires Tax: Leaving or Staying | Boston News

Massachusetts’ “millionaires tax” sparked a heated debate—did it drive the rich out? The data’s murky: while the state lost 30,000 residents to Florida and New Hampshire, we don’t know if they were millionaires. IRS records show a 36% jump in million-dollar earners in MA, but other states like Florida saw steeper gains. Supporters tout $3.4 billion raised for schools and roads, while critics argue the tax is costing the state talent and revenue. Experts say lifestyle and community matter more than taxes for wealthy residents—and until clearer data comes, the debate rages on. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c02d5cb7b1afa28a