I pay the millionaire's tax in Massachusetts. I've thought about moving my family away, but I'm staying for my kids.
Briefly

I pay the millionaire's tax in Massachusetts. I've thought about moving my family away, but I'm staying for my kids.
"I run our family office, which is based in both Boston and Palm Beach, Florida. We have business ventures across multiple industries, but my focus is on our real estate portfolio. From light industrial to agricultural to multifamily real estate, we're well-diversified across many states in the US, as well as Canada. It's been interesting to see an increase in national interest in the Massachusetts millionaire's tax as some initiatives in other states come up."
"In addition to my focus on real estate, I also work in the sports and entertainment industry. I hold a minority ownership stake in the Seattle Kraken, an NHL team, and last year, I joined the ownership group of the Memphis Grizzlies. I'm very active in the world of sport, and it's been a really enjoyable and successful venture. Over the past 15 years, I've also produced over 40 feature films."
Sam Slater is a 41-year-old real estate developer based in Boston who has paid Massachusetts’s 4% millionaire’s tax since 2023. He runs a family office based in Boston and Palm Beach with business ventures across multiple industries and a focus on a diversified real estate portfolio spanning light industrial, agricultural, and multifamily properties in the US and Canada. He holds minority ownership stakes in the Seattle Kraken and joined the ownership group of the Memphis Grizzlies, and has produced over 40 feature films in 15 years. He has seen wealthy friends leave Massachusetts due to tax changes and often considers moving, but remains in Massachusetts for his children.
Read at Business Insider
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