Why Fair Share?
The case for the Fair Share Amendment
The Fair Share Amendment on the November ballot will allow Massachusetts to improve our transportation and public education systems by making the very rich pay their fair share.
The ballot question would create a 4 percent tax on annual income above $1 million and dedicate the funds raised to transportation and public education. Only people who earn more than $1 million annually will be impacted; 99% of us won’t pay a penny more. And we’ll all benefit from better schools, roads, bridges, and public transportation.
While the rich got richer during the COVID pandemic, working families and small businesses are still getting hit hard. The Massachusetts economy is working great for those at the top, but that prosperity isn’t reaching all of us. As we come out of the pandemic, we need to make our tax system fairer in order to grow our economy and make it work for everyone.
As we recover from COVID, we need investments in our public schools to help students get back on track and ensure that all students have access to a complete and well-rounded education. We need to repair our state’s backlog of hundreds of neglected and structurally dangerous bridges, roads, and trains. We need to make our public colleges affordable again so students can graduate without taking on enormous debt. And we need to increase access to vocational education as we rebuild our economy for working families.
If we don’t address these problems now, they’ll only hold back our economy and hurt working families. It’s time for the very rich to pay their fair share so we can recover from the pandemic and rebuild a Massachusetts economy that’s stronger than ever.
The Fair Share Amendment would only raise taxes on the top 1 percent of Massachusetts households: those who earn more than a million dollars in a single year. And it would generate $2 billion a year — every year — for investments in transportation and public education.
That’s why the Fair Share Amendment is crucial to our economy and our recovery from COVID-19.
Help us make that Massachusetts a reality.
Article 44 of the Massachusetts Constitution is hereby amended by adding the following paragraph at the end thereof:
To provide the resources for quality public education and affordable public colleges and universities, and for the repair and maintenance of roads, bridges and public transportation, all revenues received in accordance with this paragraph shall be expended, subject to appropriation, only for these purposes.
In addition to the taxes on income otherwise authorized under this Article, there shall be an additional tax of 4 percent on that portion of annual taxable income in excess of $1,000,000 (one million dollars) reported on any return related to those taxes.
To ensure that this additional tax continues to apply only to the commonwealth’s highest income taxpayers, this $1,000,000 (one million dollars) income level shall be adjusted annually to reflect any increases in the cost of living by the same method used for federal income tax brackets. This paragraph shall apply to all tax years beginning on or after January 1, 2023.
The Fair Share Amendment is a call for the wealthiest to step up and pay their fair share in taxes.
Our Commonwealth's economy is working great for the very rich—it's time for it to work for everyone. The Fair Share Amendment will require those making more than $1 million in a single year to pay their fair share in taxes—just 4¢ more on each dollar after their first million dollars a year.
When millionaires and billionaires pay just 4¢ more on each dollar after $1 million, Massachusetts will raise $2 billion a year, every year, to invest in education and transportation. That $2 billion is for our public schools from pre-K to college, roads, bridges, trains, and buses around the Commonwealth.
With $2 billion a year, we can
give students, educators, and schools the resources they need
fix our crumbling bridges and pothole-filled roads
provide safe, reliable, and affordable public trains and buses statewide
ensure no one has to take on debt to get an education.
This November 8, we're coming together to make the Massachusetts tax system fair.
Join the movement for the Fair Share Amendment.