Massachusetts Millionaire's Tax Seminar

Massachusetts will likely not require withholding of the millionaire ...

At the Massachusetts Society of CPAs Annual State Tax Seminar on January 10, 2023, high-level representatives from the Massachusetts Department of Revenue ...

Massachusetts 'Millionaires' Tax Applies to Sudden Wealth Events

The Massachusetts 'millionaires' tax will ensnare taxpayers who exceed $1M in income after selling a home, business, stock options and other ...

Other states eye Mass. millionaires tax — for windfall or wealth exodus

The recent news from Massachusetts revenue officials that they collected about $1.8 billion this year from the so-called "millionaires tax" sparked chatter.

How Much Does the Millionaire Tax Improve Tax Fairness? How ...

Adoption by voters of the millionaire surtax (in November 2022) not only significantly reduced the unfairness of Massachusetts' overall state ...

The Massachusetts Millionaire Tax: Could a Loophole Cost the State ...

The Massachusetts Millionaires Tax (MMT) is an amendment to the state constitution that levies an additional 4% state income tax on annual, personal taxable ...

Massachusetts Millionaire's Tax - AAFCPAs

Watch us discuss tax strategies for preserving and growing your wealth. Details: Tailored to high-net-worth individuals looking to preserve and ...

What to Expect in a Post-Flat Tax Massachusetts

Voters approved Massachusetts Question 1, Fair Share Amendment or Massachusetts millionaires tax, which will transition MA to a graduated ...

'Millionaires Tax' Presentation - Sullivan & Worcester LLP

Maura Carney and Daniel Ryan presented 'Massachusetts Millionaires Tax' at a webinar sponsored by Worthy Circles on March 12, 2023.

Massachusetts Collects $2.2B From 'Millionaires Tax'

Massachusetts Collects $2.2B From 'Millionaires Tax' ... The 4% surtax on incomes over $1 million, also known as the “Fair Share Amendment,” was ...

Planning for the Massachusetts 'Millionaires Tax' - Morgan Lewis

The new Massachusetts “Millionaires Tax” imposes an additional 4% income tax on the portion of annual taxable income in excess of $1 million ...

Here's how much the new 'millionaires tax' has raised for Mass.

The Massachusetts millionaire's tax is back, and it's a little different this time ... Any additional money raised beyond the $1 billion already ...

Millionaires tax revenue reaches $1.8 billion, on pace to double ...

Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state's highest earners through the first nine months of the fiscal year.

Massachusetts Millionaires Tax Is Not Just a Simple Solution

This November, Massachusetts residents are voting on an amendment for an additional 4% income tax on annual taxable income exceeding $1 million.

Key Considerations When Planning for the Massachusetts ...

Key Considerations When Planning for the Massachusetts 'Millionaires Tax' ... On November 8, 2022, Massachusetts voters approved an amendment to ...

$1.5 billion in estimated revenue: A look at the Mass. 'millionaire's ...

Supporters of Massachusetts' Fair Share Amendment are celebrating the first year of the so-called "millionaire's tax," arguing the new ...

Millionaire's Tax at Massachusetts Fiscal Alliance

The Massachusetts Fiscal Alliance and Chris Carlozzi of the National Federation of Independent Business hosted a press conference via Zoom with several ...

Planning for the Massachusetts Millionaire Tax—Individuals and ...

For example, the income tax liability of a Massachusetts resident individual (or a resident non-grantor trust) with taxable income of $1,500,000 ...

Massachusetts declares early victory in taxing the rich - Fortune

Gov. Maura Healey's office expected $900 million in revenue from the Massachusetts tax on millionaires; so far this year, the state has pulled ...

Fair Share Massachusetts

The Fair Share Amendment, passed by voters in November 2022, creates a 4 percent tax on the portion of a person's annual income above $1 million.

Revenue from so-called millionaires tax tops state projections

... Events. Search The Boston Globe. 'Millionaires tax' has already generated $1.8 billion this year for Massachusetts, blowing past projections.