The Return of Taxachusetts

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a huge income-tax increase, the state now wants a tax of up to 2% on high-end home sales.

‘Affordable housing” is a noble goal and the mother of endless dim policies. The latest counterproductive effort is a push in Massachusetts to fund home construction by taxing home sales. Gov. Maura Healey recently gave her blessing to Bay State towns and cities that want to tax home sales. The Affordable Homes Act she announced this month would let municipalities place a 0.5% to 2% tax on the proceeds of sales above $1 million. Instead of going into a general fund, the revenue would be set aside to support housing that the state deems affordable.Continue reading your article with headtopics.com

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