BOSTON (WWLP) – Massachusetts millionaires could be paying more in state taxes in a few years, if a question proposed for the 2018 ballot is passed. The group Raise Up Massachusetts wants to increase the state’s income tax rate for its wealthiest residents. In order to do so, however, they must change the state constitution, which is a very involved process.
The group rallied in Boston Tuesday before submitting more than 157,000 signatures to the Secretary of the Commonwealth. They want to create an additional 4% tax for people earning more than $1 million per year. Right now, the state constitution requires all residents are taxed at the same rate- regardless of income.
To change that, Raise Up needs approval from both the state legislature and Massachusetts voters. That is why they are aiming for the 2018 ballot.
Supporters say that the additional “millionaire’s tax” would bring $1.5 billion that could be spent on education and transportation. Springfield Ward 1 City Councilor-elect Adam Gomez is a supporter of the proposed constitutional amendment.
“They can afford it. You know, they can afford to pay a little bit more. We need help for the middle class and poor people,” Gomez said.
Raise Up turned in their first round of signatures on Tuesday, the proposed constitutional amendment could go before state lawmakers in the new year.