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BPR Full Show 3/6/23

Boston Public Radio Podcast

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The Millionaire's Tax

The threshold above which the millionaire's tax kicks in amazingly is a million dollars of income. "I don't think there will be that many people that do that when they have to," says Massachusetts' top taxman. The state could lose about 25% of its revenue from games like this, he adds. 'There will be another thing and a thing after that there will be tax games around this that will be played indefinitely,' taxes commissioner warns.

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