According to a study by Tufts University’s Center for State Policy Analysis, the change would produce $1.3 billion of added revenue and effect fewer than one in every 175 households.
"...the RMV already handles cases of people who are eligible to drive but not vote – including lawful immigrants with green cards and new drivers under 18. The same approach could be adapted for unauthorized immigrants."
The Tufts University Center for State Policy Analysis estimates that the surtax would apply to around 0.6% of Massachusetts households in any given year and would raise about $1.3 billion of revenue in 2023.
Evan Horowitz, the executive director of the Tufts center, said while many millionaires might be experiencing one-time events, a major part of the money collected from the amendment would still come from consistent, extremely high earners.
Tufts Now talked with Evan Horowitz, executive director of cSPA, about Question 1, which asks voters to decide the fate of a proposed “millionaires tax.”
Research from Tufts University’s Center for State Policy Analysis suggests about 26,000 Massachusetts households — fewer than 1% — could be impacted by the tax in 2023, should the question pass.