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.
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.
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?
Also, suppose some do. 4 percent tax will still generate more revenue on the remains than you will get through their creative accountants regularly
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.
Must be a pretty big vineyard
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.
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