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“I actually did some quick modeling of this and I think that, even with the millionaires tax, it’s much more likely that we return to the world where this law (almost) never matters,” Horowitz said.

Horowitz said legislative leaders should consider changing the formula attached to the 1986 law, or even suspending its implementation to avoid money going out in a “not very progressive way.”

“This was on nobody’s radar,” said Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University.

Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said his rough calculations indicated allowable revenues would be $38.5 billion.

"I don’t expect unnecessary gamesmanship in the name of interfering with the legislative agenda...," said Evan Horowitz. "But he’s also not afraid to ask — in the name of his own stated preferences and beliefs — about what accomplishes the best policy."

"Most people in Massachusetts know they're never going to earn a million dollars," said Evan Horowitz.

In January of 2022, the nonpartisan Tufts Center for State Policy Analysis published a study of the impact of the millionaire’s tax.

Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said given that the state has a massive fiscal surplus now, implementing the tax relief in 2022 “is a no-brainer.”

According to Tufts University’s study, once the ‘Millionaire tax’ is passed, it would be collecting approximately 21,000 state taxpayers, which means less than 1% of all households in Massachusetts. They comprised 22% of the total taxable income in the st