To maintain our civil society, we must currently increase revenues. and one way we could do that is to extend the application of Mass sales tax to land transactions.
It is only fair to tax the sales of the rich as well as the poor.
This could be done simply by clarifying http://www.malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter64H/Section6 part (g) to specifically tax real estate sales, in addition to the deed excise tax. Indeed, it is not clear from the law that real estate sales are currently in fact exempt from Massachusetts sales taxation.
This might be expected to generate, at a median price of $293,500, and a count of 34,952 home sales on the MLS in 2011, taxed at 6.25%, yearly revenues of around $641,000,000.
In effect, taxing real estate sales collects some of the location value provided to the seller by the community.