For Immediate Release

July 1, 2024

Boston Celtics Owner Selling for “Estate and Family Planning” Considerations

Once Again, Massachusetts Taxes Punish Success

BOSTON – According to news reports, Wye Grousbeck announced today that he will be selling his majority interest in the Boston Celtics for “estate and family planning considerations.” Massachusetts Fiscal Alliance released the following statement.

“Once again, Massachusetts taxes punish success. While there is only one NBA Championship team, there are many businesses and high-income earners making the same decision as the owner of the Celtics. If Massachusetts ever wants to be economically competitive again, it must eliminate the income surtax and estate tax. These two taxes punish success and today is another great example of its economic harm,” stated Paul Diego Craney, spokesman for the Massachusetts Fiscal Alliance.

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Massachusetts Fiscal Alliance advocates for fiscal responsibility, transparency, and accountability in state government and increased economic opportunity for the people of our Commonwealth