Since 2018 in the United States, billionaires have paid a lower effective tax rate than working-class people. Plutocracy has been so normalized that it's hard to summon up outrage. But something strange has happened in Massachusetts, that the state of your state could do too. The state government has put in place an additional tax of 4% on taxable income in excess of a million dollars. The economy hasn't collapsed. Unemployment hasn't soared. The devil hasn't risen to impose a communist dictatorship. In fact, none of the usual expectations have been fulfilled. Instead, the state has simply raised $1.8 billion a year to put to use for the public good -- dramatically more than had been predicted. That compares with a half a billion raised NATIONALLY by President Biden's efforts to make the wealthy pay up, as promised by candidate Biden four years ago. Instead of waiting for Washington D.C. to fix federal income taxation, click here to ask your state legislators to do what Massachusetts has done.  |
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