Oregon Center for Public Policy: No Special Treatment: Seven Reasons Why Oregon Should Not Reduce or Eliminate the Income Tax on Capital Gains
ITEP Work in ActionThis issue brief examines seven reasons why giving special treatment to income from capital gains is a terrible idea: it would not stimulate additional economic growth, it would not attract much venture capital, it would waste millions chasing after the few Oregonians who move to Washington to avoid Oregon income taxes, it would mainly benefit the wealthiest 1 percent of Oregonians, it would blow a half–billion-dollar hole in the state budget, it would cripple or eliminate the best player on the income tax team, and it would penalize those who put in an honest day’s work.