1. The extra marginal tax rate will affect millionaires' daily lives almost not at all, which is why in reality none of them would leave the state.

  2. When you have this much money, your accountant/financial folks are already making you as tax efficient as possible.

www.wbur.org/news/2025/04...

Despite previous concerns, Massachusetts' "millionaire's tax" hasn't seemed to deter high-earners from continuing to live here, according to a new study from the Institute for Policy Studies.

Not fleeing: New report shows more wealthy residents in Mass., 2 years into 'millionaire's tax'

Despite previous concerns, Massachusetts' "millionaire's tax" hasn't seemed to deter high-earners from continuing to live here, according to a new study from the Institute for Policy Studies.

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Damn. I was hoping it would drive them out. The problem with these people of excess is that they are exceedingly wasteful. They tear down and build monstrosities. They create demand in the wrong places. And they take (from society) much more than they give.

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