HB2528 – Tax Break for the 1% – Doubles Capital Gains Exemption

Doubles the exemption to half of all capital gains from Arizona individual income tax.  60% of this multi million-dollar tax cut would go to just 4,100 Arizonans making more than $500,000 a year. 

Politicians love tax cuts and over the last 10 years or so many tax code exemptions or “carve outs” have been jammed through by the Republican majority.  Impact is upwards of $100 million a year in lost revenue.

Posted in Campaign Issues.