In an updated policy brief, ITEP explores the flaws in state capital gains tax breaks and highlights how ending special tax breaks provides one of the simplest ways to raise additional revenue and increase equity in the tax system.
Marco Guzman
Marco Guzman, along with other members of the state policy team, conducts research and analysis to support state policymakers across the country.
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blog September 25, 2020 It’s No Secret—To Save State Budgets End Preferential Treatment of Capital Gains
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brief September 25, 2020 State Taxation of Capital Gains: The Folly of Tax Cuts & Case for Proactive Reforms
The federal tax system and every state treat income from capital gains more favorably than income from work. Preferential capital gains tax treatment includes exclusions and seldom-discussed provisions like deferral and stepped-up basis, as well as more direct tax subsidies for profits realized from local investments and, in some instances, from investments around the world. This policy brief explains state capital gains taxation, examines the flaws in state capital gains tax breaks, and proposes reform options that will help make state tax systems more progressive and more equitable.
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blog June 26, 2020 Beyond SCOTUS: States Recognize Need for More Inclusive Immigrant Policy
The U.S. Supreme Court last week halted an effort by the Trump administration that would have stripped DACA (Deferred Action for Childhood Arrivals) recipients of their lawful status in the…