So let’s say you sell that business for a net $4mil and pay no other taxes except income/have no liabilities reducing your burden. Pre Q1, you’d pay flat 5% income. That’s a 200k burden, leaving you $3,800,000 to fund your retirement.

But now 3million of your 4million are subject to a 4% surtax. 4 percent of 3 million is $120,000. So now you have $3,680,000 for your retirement.

Is that really the margin? “I could retire on 3.8 but I can’t on 3.68?”

I don’t even know why I’m arguing with someone on r/boston about an already-passed question, it’s just funny that there are so many valid questions about the wisdom of doing tax policy by constitutional amendment but the antis seem to have focused their messaging on “I won’t be able to retire because I’ll have to pay slightly more on my millions!!!” when so many people in this state, especially younger people, are struggling to get to a place where they can even think about retirement.