The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 2, 2012

Unlocking Entrepreneurial Forces: States Can Spark Business Creation, Attract Venture

From The Goldwater Institute:


by Stephen Slivinski
Goldwater Institute
February 29, 2012
This year, Arizona policymakers have a chance to do something that no other state with an income tax has done: eliminate the tax on capital gains. Arizona, like most states with an income tax, treats capital gains as “ordinary” income and taxes it at the same rate as all other income. Taxation of capital gains is, among other things, a tax on entrepreneurship. Businesses – new businesses especially – need investment to flourish. States that have lowered their taxes on capital gains have seen an increase in investment which precipitated an increase in entrepreneurial activity and the job creation that accompanies it. State policymakers can set the stage to make Arizona a national hub for new investment. The best way to do this is to immediately eliminate taxation of capital gains or phase it out as quickly as possible.

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