Massachusetts implemented a 4% surtax on those with $1M+ assets in 2022, following other blue states trying to tax the rich. The wealthy are simply moving to lower-tax states like Florida and Texas instead of paying higher taxes. Blue state governors like Newsom, Hochul, and Spanberger continue failed high-tax policies despite evidence they drive away businesses and residents.
MA · TAXES
Blue States and Red Ink: Massachusetts Is the Latest Losing Billions in Taxes After Soaking the Rich
Massachusetts implemented a 4% surtax on those with $1M+ assets in 2022, following other blue states trying to tax the rich. The wealthy are simply moving to lower-tax states like Florida and Texas instead of paying higher taxes. Blue state governors like Newsom, Hochul, and Spanberger continue failed high-tax policies despite evidence they drive away businesses and residents.
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By Townhall
Published March 29, 2026 · Updated 76 days ago
Originally reported by Townhall · Source
taxesmassachusettsblue-statesfiscal-policyconservative
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