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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Taxes and the American Dream aside, does anybody really understand how rich rich really is: Let's say you're under 35. Your net worth is $45K. A candy bar costs $2. That's .0044% Let say you're a billionaire. That percentage of your net worth is a new Lexus.

Replies

  1. And this is calculated about the poor billionaires like Kraft or Cuban, not the richest men in the world level, at which point the $200 million Bezos donated somewhere post spaceflight works out to be like letting the barista keep the change for your drink.

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