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flag Despite high taxes, Massachusetts sees an increase in millionaires, boosting local economy.

flag Despite fears that high taxes would drive them away, the report shows that wealthy individuals in Massachusetts are staying and contributing to the local economy. flag The number of millionaires and ultra-wealthy residents has increased since the "millionaire's tax" was introduced, with the tax generating more revenue than expected. flag The study by the Institute for Policy Studies indicates that the state's richest are not fleeing but are paying more in taxes and investing in the state.

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