Isn’t the Tax Reform Plan just a tax break for the rich at the expense of the poor?
No. The way the plan has been developed, it is a tax cut for Montanans and a tax increase for nonresidents. When the income tax reduction and limited sales tax are taken together, households in almost every income class will be as well off or better off than they were before. Because revenue from the income tax reduction will be replaced, the current budget shortfall will not increase. However, many Montanans will benefit from the income tax and capital gains rate reductions. Many Montana taxpayers will benefit from the capital gains reduction since capital gains occur on the sale of a rental house, business, farm, ranch, land, stock or other capital asset. The income tax reduction will result in an income tax that is even more progressive than the current system. 8. Why only reduce income taxes and replace the lost revenue with a limited sales tax on those items of which nonresidents buy a lot, why not eliminate the income tax and replace it with a broad-based sales tax? Eliminating t
