How Many Millionaires Live In Wellesley?

WELLESLEY, MA — Good news for the millionaires in town, the state's Supreme Judicial Court took your side Monday. The so-called ‘millionaires tax’ was shot down by the state's highest court. 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.

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• Millionaire's Tax Ballot Question Struck Down

It also means welcomed news for some residents in town. Wellesley has the third-highest proportion of million-dollar earners per 1,000 residents with 30. Weston has 46 and Dover has 37.

In total, there are 864 million-dollar earners in town, the third most for a community in the state. Boston hast the most with 2,131, followed by Newton with 1,276.

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

Reporting from Mike Carraggi was used in this story.

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