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bigredthesnorer t1_ivwdfly wrote

Reply to comment by [deleted] in Can someone explain question 1 by [deleted]

Nobody here got your point. Its a good question. If the cap is 2.91B and we're getting refunds, why is there a need to raise taxes without then reducing the tax burden for those under the $1M limit? Won't this additional tax still go above the 2.91B limit?

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[deleted] OP t1_ivwev9w wrote

[deleted]

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MOGicantbewitty t1_ivwq02q wrote

It’s not that the state doesn’t need more funds, it’s that the tax laws for this state limited the amount to collect. Since the state collected more than that amount, it’s being sent back. But they DO need more money to provide services. Question 1 allows for that. And even if it didn’t, it would make the rich in MA pay a more equal percentage of their income as they traditionally have paid much less per dollar income than middle class households. It would also ensure that any refunds would go to people who are in the middle or lower income ranges, rather than the taxes being avoided through tax loopholes for the rich.

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