“We expect price changes to be relatively manageable," Tufts' Evan Horowitz told WBUR's Gabrielle Emanuel last month. "I mean prices may increase a little bit, but nothing really dramatic.”
A January study published by The Center for State Policy Analysis at Tufts University found that the revenue from the amendment would bring in the state an additional $1.3 billion in 2023.
“Question 4 lets voters decide where driver’s licenses fit in this broader picture, weighing issues like the safety of our transportation system and the impact on immigrants’ daily lives,” the cSPA report states.
According to the Tisch College’s Center for State Policy Analysis, the millionaire’s tax would affect about 0.6% of Massachussetts households. The cSPA predicts the tax would raise about $1.3 billion in 2023.
“It’s probably a better way to think about it. [Looking at all taxes rather than just income taxes] is the more comprehensive view,” said Evan Horowitz, executive director of cSPA.
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.
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.