By Jon Keller·
“You don’t have to be Uncle Pennybags to get whacked. The estate tax is so brutal that some moneyed locals would rather die almost anywhere else—and their exodus will make it worse for everyone.
“You can make it! Make it in Massachusetts!”
For many Massholes over age 60, this peppy, ubiquitous 1980s promotional jingle created by the state is an earworm that just won’t die…”
MassBudget Reference:
“Is it enough to send more people heading for the exits in hopes of keeping more of their hard-earned dough in the family? While the pro-tax Massachusetts Budget & Policy Center noted in a recent report that “taxes are not a driving factor for most individuals choosing to relocate,” just look at the numbers: In the fiscal year ending June 30, 2024, the state collected 24 percent less than projected from the estate tax, a shortfall that could signal departures or simply reflect the volatile nature of estate tax collections.”
