Massachusetts Millionaire’s Tax Seminar
McLane Middleton's Woburn Office 300 TradeCenter, Suite 7600, Woburn, MAIn November, 2022 Massachusetts voters approved a constitutional amendment in which Massachusetts residents who earn more than $1 million each year will begin paying a new tax. The new tax imposes an additional 4% state income tax on that portion of annual taxable income in excess of $1 million. Revenues from the tax will be