The debate over Massachusetts' Fair Share Amendment is intensifying, as the Mass Opportunity Alliance critiques the Institute for Policy Studies' report claiming an increase in millionaires post-tax implementation. The MOA argues that high earners are fleeing the state, pointing to IRS data and migration reports indicating a substantial exodus driven by high taxes. Christopher Anderson emphasized the detrimental effects of the surtax on residents and businesses, urging a review of the tax policies fueling this trend.
After the surtax law was enacted, IRS data showed a sharp drop in the number of residents earning over $1 million, contradicting claims of an increase.
Christopher Anderson stated, 'No flawed study can obscure the truth: Massachusetts' high tax burden... is driving residents out, along with their tax dollars and talent.'
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