5 Myths Circulated By Memos In Massachusetts Legislature About Tech Tax


Myth 5: The Tax Will Only Raise $161 Million

Both fact sheets stood behind the assertion that the tax would only raise $161 million in revenue and restated that if the scope of the tax proves to be too broad it would be pulled back.

"It does provide the insight from the folks that brought us the tax and helps us to understand what they were thinking and what goal they were trying to achieve," Sen. Tarr said.

Widmer stood behind his widely dispersed assertion that the tax would raise more than $500 million. The numbers his organization found, he said, were based on a close study of the industry, patterns in other states and the Department of Revenue. "There really is no meaningful defense of why we should be taxing innovation and technology," Widmer said.