Massachusetts Risks $1B in Lost Tax Revenue as Rich Flee

What You Need To Know

• If current trenda continue, over 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state yearly by 2030, according to one study.
• Last year, Massachusetts lost about 39,000 residents to other states, more than ten times the pace of 2013.
• The state recently enacted a 4% surcharge on income over $1 million, which generated about $1.8 billion in revenue over nine months.