$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the rich
nbafantest @ nbafantest @lemmy.world Posts 1Comments 424Joined 2 yr. ago
nbafantest @ nbafantest @lemmy.world
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"Meanwhile, overall state revenue collections are falling short of expectations, despite the new money from the millionaire's tax.
State finance analysts point to larger macroeconomic trends, like a drop-off in the purchasing of durable goods and a slowdown in hiring."
Government Intervention 101, unfortunatly. Where's that econ graph of this exact thing?