Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch
Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch
![Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch.](https://lemmy.world/pictrs/image/affdac1b-8621-449c-86d5-6b05a5f0c6a7.jpeg?format=webp&thumbnail=256)
Students in Massachusetts will get free lunch and breakfast at school thanks to a new 4% tax put on people who earn more than $1 million.
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[https://www.investmentnews.com/welcome-to-the-millionaires-tax-240997](An overview for those that don't know anything about this.)
Edit: fixed the link An overview for those that don't know anything about this.
a 4% surtax on individual earnings above $1 million. This new provision, which comes into effect from Jan. 1, 2023, will be layered over the preexisting 5% state income tax rate.
27 0 ReplyHeads up, it's supposed to be [text] then (link)
4 0 ReplyThank you, that explains a lot.
1 0 Reply