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OPINION

State Senator: “We don’t care whether a capital gains tax is an income tax”

 

July 2, 2020



By Jason Mercier

With the state’s budget outlook in the news, discussion of a capital gains tax is occurring with greater frequency. There is one piece of information that is consistently left out, however: the fact that a capital gains tax is an income tax. This important detail dramatically changes the political and legal framework for the debate.

On the political side is the fact the vote...



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