• Flying Squid@lemmy.world
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    1 year ago

    People who think all the millionaires will flee- do you really think they’ll all give up living on Martha’s Vineyard over a 4% tax?

    • cloaker@kbin.social
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      1 year ago

      Also, suppose some do. 4 percent tax will still generate more revenue on the remains than you will get through their creative accountants regularly

      • meco03211@lemmy.world
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        1 year ago

        Furthermore, the ones that leave are likely the tax dodging assholes that drain the system dry while providing nothing of value. If the demand for millionaire level housing goes down, that should lower costs for all.

    • karlthemailman@sh.itjust.works
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      1 year ago

      I don’t know about MA’s tax rules, but it could be based on number of days living in the state. Most wealthy people are not staying on Martha’s vineyard outside of the summer.