Thursday, September 23, 2021

The millionaire's tax is back — and it's a little different this time

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Three years ago, Massachusetts voters looked poised to pass the so-called “millionaire’s tax,” a ballot initiative to place an additional 4 percent tax on annual income over $1 million and use the revenue — up to $2 billion a year — to fund public education and transportation improvements.

Supporters blew past the number of signatures needed to qualify for the 2018 ballot. Poll after poll after poll showed the proposed state constitutional amendment with an overwhelming 4-to-1 margin of support.

But before Massachusetts voters had a chance to officially weigh in, the ballot question was struck down by the state’s Supreme Judicial Court, which ruled that the “Fair Share

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