> I get that 1 mil seems like a lot to most people now but it really isn't that much. Sure, maybe tax them but have a rider on that tax so that as inflation blasts higher so does the threshold? Or is that too radical in the opposite way?

That is in the text of the question. From the summary on the Secretary of State website:

> This proposed constitutional amendment would establish an additional 4% state income tax on that portion of annual taxable income in excess of $1 million. This income level would be adjusted annually, by the same method used for federal income-tax brackets, to reflect increases in the cost of living.

Whether true or not, "Anyone who works consistently will be a millionaire," is not the same as "Anyone who works consistently will be making a million dollars PER YEAR." This tax isn't targeting people who have a million in the back, it's people who are making millions and millions, and it's only a tax on the excess.

Yeah, imagine when the median wage eventually hits $400 an hour. A person working 40 hours a week for 52 straight weeks will cross that million dollar threshold oh wait no that's still only six figures.

Math is important.

I'm pretty comfortable. We make 6 figures +. I guess we are millionaires.

This doesn't tax people who are "millionaires". It taxes people who are mega millionaires. These are people who have a salary of a million dollars annually.

If you made this amount you could buy 2 houses THIS YEAR. And next year too. And next year. These are people who don't clean their homes, dont rake their yard, they do NOT have to go to the bank (private bankers come to your house), they do not have to go to a car dealership (you just call and the sales guys drive cars to your house and you look at them then they deliver the car), their kids get tutors (despite getting As just so they can be the best), their maids grcoery shop for them and drive their kids to sports, when they travel? They spend 3K a night on a hotel.

You do not understand the wealth. My friend is taking his family for some island in South Carolina for Thanksgiving. They are staying 3 days and it is going to cost about 160K before food, drink, tax. He gets SO much taxpayer money for his income it is sick. He doesn't pay taxes. He uses loopholes. He got like a million in PPP loans. This isn't all HIS money. It's yours.

You will be able to build wealth and I'm sorry to say... odds say you will never ever have to worry about this.

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I pay my maid 40 bucks an hour. This is NOT going to hurt her or you or me.

Read the question before you make your decision. Your problem is accounted for.

You’d have to earn almost $500/hr to make $1,00,000 a year without overtime. You think that’ll happen in the next 30 years?

It’s not a tax on millionaires, it’s a tax on annual income over $1,000,000. And median annual income is around $60,000 to $70,000 so there’s basically no chance that pretty soon most of us will be making over $1,000,000 per year.

Forget the tax, look at the result. Amendment says it can’t go to anything except roads or schools. Enacting specific taxes for each line item on the budget is an ass backwards way of structuring the budget.

Next it’s gonna be $750k+ for mbta, or 500k+ for energy policy, or $250k for health, $100k for addiction, 75k for social services.

Manage the budget as a budget. If it needs reallocating, figure out how to prioritize issues. If you need more revenue (beyond all the new Vice taxes), so be it. But the budget needs more revenue, not a single line item.

What restaurant is hiring at 24-25?

Yes

Read the question maybe?

Your numbers are still way under a million a year.

You're including a superhuman work life which will burn a person out and doesn't include family time so you're weakening MAs families by assuming people will grind doing overtime which most employers can't afford. Many bad assumptions supporting your irrelevantly low numbers.

We could always raise the financial cap later if wages actually raise to crazy high levels. I think that would just mean we have hyperinflation idk

This only affects our top earners who are rich enough to start to lobby our state gov and muck up our state in favor of their personal business interests.

If you vote no on this quite simply you are a delusional little person sitting in a cardboard box pretending you're living in a mansion and your cat is actually a lion and it's part of a zoo you own. Don't let your own financial delusions screw over the rest of the state.

Even if we took the tax revenue and burned it this would be worthwhile. If any of this money makes anyone's lives better in the state it'll be worthwhile. The benefits are really corruption prevention.

These are my thoughts: Vote Yes and have a pleasant evening. Maybe go for a walk and look at what's left of the foliage. Have a good one.

This is just a rouse to get a graduated income tax. That $1M threshold will be lowered to 100k within a few years