MassLive: ‘Millionaires’ tax’ raises questions of fairness, business practices, transit needs at Statehouse hearing

“According to the Institute on Taxation and Economic Policy, the top 1 percent of Massachusetts earners (those making more than $860,000) pay 4.9 percent of their income in state and local taxes, while the middle 20 percent (those earning $44,000 to $70,000) pay 9.3 percent of their income in state and local taxes. This reflects the fact that although the income tax rate is flat, middle class people pay a larger percentage of their income in sales and property taxes.”

Read more