Could this WSJ article (“They’re Rich but Not Famous—and They’re Suddenly Everywhere”) explain why the state’s millionaire’s tax is raising far more money than originally projected? It doesn’t explain everything. But it sure is intriguing. … The big picture: there’s simply more eight-figure millionaires in the U.S. today than ever before. And, last time I checked, Massachusetts is part of the U.S., therefore it also has more millionaires than ever before – and more millionaires paying the millionaire’s tax. … Mystery solved! … Well, partially, maybe.

Fyi — The WSJ focuses on net worth, not net income, and how the wealth of the rich grew over the years via investments. But they earned their principal wealth somewhere – and that somewhere is high six- and low seven-figure jobs associated with the uber-upper middle class. Or is it now the super-uber upper middle class? Anyway, they’re everywhere too – and moving into the minimum seven-figure millionaire category at a surprisingly fast clip and early stage in life.

Fyi II – I still like my millionaire’s tax compromise plan. But it’s never going to happen. The state is too addicted to the revenue by now.