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Market
Public Opinion on Millionaires Tax Effectiveness by Mid-2025
5
Resolution / Starting Odds
Favorable • 33%
Neutral • 33%
Unfavorable • 34%
Public opinion polls conducted by reputable sources
Story
Massachusetts' 'Millionaires Tax' Generates $1.8 Billion, Tops Projections
May 21, 2024, 11:40 AM
Massachusetts' voter-approved surtax on high earners, commonly referred to as the 'millionaires tax,' has generated more than $1.8 billion in revenue this fiscal year, surpassing state projections. The tax, which was approved in November 2022, imposes a 4% surcharge on incomes over $1 million. Despite some high-income earners moving out of state, the revenue collected has exceeded expectations and tops state projections. State officials noted that with three months left in the fiscal year, the additional funds can be allocated to public services such as free public school meals, free community college, and public transit.
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Mostly positive • 33%
Mixed • 33%
Mostly negative • 33%
Majority Support • 33%
Majority Oppose • 33%
No Clear Majority • 34%
Majority Support • 33%
Divided Opinion • 33%
Majority Opposition • 33%
Majority views negatively • 50%
Majority views neutrally or positively • 50%
Very unfavorable • 25%
Somewhat unfavorable • 25%
Neutral • 25%
Favorable • 25%
Majority Support • 33%
Majority Oppose • 33%
Evenly Split/Undecided • 34%
Increased positive perception • 33%
No significant change in perception • 33%
Increased negative perception • 34%
Significantly improves • 33%
No significant change • 33%
Worsens • 34%
Positive reception • 33%
Neutral reception • 33%
Negative reception • 33%
Predominantly positive • 33%
Predominantly negative • 33%
Mixed or neutral • 34%
Very successful • 25%
Somewhat successful • 25%
Neutral • 25%
Unsuccessful • 25%
Highly favorable • 25%
Somewhat favorable • 25%
Somewhat unfavorable • 25%
Highly unfavorable • 25%