Fair Share Amendment

The Fair Share Amendment is a proposed tax measure in Massachusetts that would increase the state income tax rate from 5% to 6.25% on annual incomes over $1 million. The additional revenue generated—estimated to be around $2.2 billion annually—would be dedicated to funding public transportation, public education, and neighborhood safety initiatives. The goal is to ensure that the wealthiest individuals contribute a fairer share to support vital services that benefit all residents, promoting economic equity while maintaining Massachusetts’s overall tax stability.