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Governor says capital gains tax not an income tax. Rest of the country disagrees
Despite the budget being balanced, billions in reserve, and projected revenue growth of 7.2% the Governor is yet again proposing an income tax on capital gains in his new budget. Here are the details on his proposed 9% capital gains income tax. The Governor, however, claims that this type of tax isn’t an income tax. What does he know that the IRS and every other state across the country doesn’t?
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