Massachusetts' Proposition 2½ is sparking a revolt of its own
It was billed as the biggest tax rebellion in Massachusetts since the Boston Tea Party. For years, residents paid property levies that were 70% higher than the national average. So, in the wake of California's Proposition 13, Bay State citizens placed their own tax-limitation initiative on November's ballot. Under Proposition 2½, property taxes would be limited to 2½% of actual market value, auto excise taxes would be reduced by 62%, and renters would be able to take a state tax deduction for half their...
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