La-Brina Almeida is a Policy Analyst at the Massachusetts Budget and Policy Center. Her research is focused on housing in the state budget.
Her background is in Social Work, formerly working with populations ranging from those experiencing homelessness, mental illness, and more. Prior to joining MassBudget, La-Brina worked at the Economic Progress Institute advancing statewide social service policy in her home state of Rhode Island. Her experiences as a social worker and community organizer early in her career reinforce her approach as an inclusive and equity-minded analyst, as she maintains a focus on community-driven public policy initiatives and solutions. She has a long-standing racial equity focus as Rhode Island College School of Social Work’s 2018 Social Justice Awardee and Boston University Martin Luther King Jr. Fellow.
The Fair Share Millionaire Tax and Home Sales: What 2021 Data Shows
Based on industry data from the Warren Group on home sales in Massachusetts, previous analysis has shown how rare it is that a sale might generate taxable capital gains of $1 million or more. But what does the data say about home sales that might have created taxable income over $1 million in 2021?
Where Might Home Sales Be Subject to the Fair Share Amendment? A Local Breakdown
In the majority of Massachusetts cities and towns, no homes sold for a net gain of $1 million or more, meaning they wouldn’t be subject to any additional taxes under the Fair Share Amendment.
Interactive Map: Most Home Sales Will Not Likely Lead to Fair Share Tax Payments
Even in Massachusetts’ hot housing market with many homes selling for over $1 million, the vast majority of all home sales will not subject the home sellers to a proposed “millionaire’s tax.”