How Many Millionaires Live In Weymouth?

WEYMOUTH, MA — Good news for millionaires in town, the state's Supreme Judicial Court shot down the so-called ‘millionaires tax’ on Monday. The question would have raised the income tax of some of the highest earners in the state by 4 percent and used that money for transportation and education.

The state's highest court in a 5-2 decision sided with business groups who argued it was unconstitutional. The move removes one of the more talked-about questions from the November ballot - and one of the most important tax-related questions in decades. It also removes the possibility of an additional $1.6 billion to $2.2 billion in tax revenue, the Department of Revenue said.

READ MORE

• Millionaire's Tax Ballot Question Struck Down

It also means welcomed news for some residents in town. Weymouth has 12 million-dollar earners, or 0.2 per 1,000 residents.

Boston has the most millionaires in the state with 2,131, followed by Newton with 1,276 and Wellesley with 864.

The numbers are from state data compiled by the Boston Globe. Click here for the full report.

Story by Dan Libon using reporting from Mike Carraggi.

Image via Shutterstock