Somerville School Committee, city councilors endorse millionaire tax ballot question
By Evelyn Altschuler | November 8The Somerville School Committee has unanimously endorsed voting “Yes” on Question 1, a ballot initiative proposing the Fair Share Amendment. If passed, the Fair Share Amendment would apply to Massachusetts residents whose annual household income is above $1 million. The so-called “millionaire’s tax” would impose an additional 4% income tax on income above $1 million.