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Accountants, Clients Debate Wealth Surtax Strategies

Sam Drysdale12/28/22 9:00 AM

With the voter-approved surtax on Massachusetts' highest earners set to start in the new year, there are still big questions around the constitutional amendment that changes the state tax code, according to the Bay State accountants. The so-called millionaire's tax was cleared by voters in November, amending the state constitution for the first time in 22 years and shifting Massachusetts away from its flat income tax adopted over a century ago.

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