What are the benefits of the Governor’s Tax Reform Plan?
The Tax Plan Will Eliminate Barriers to Good-Paying Job Creation in Montana The purpose of the Governor’s Tax Reform Plan is to eliminate the biggest tax barriers to the creation of good paying jobs for Montana families. The biggest tax barriers are Montana’s income tax rates, which are the highest in the country, and our effective capital gains rates, which are the highest in the region. The Tax Plan will Fix Montana’s Perception as a High Tax State Why do high income tax rates matter? They cause major respected financial publications like Bloomberg and Kiplinger to rank Montana as having among the highest tax burdens in the country, encouraging entrepreneurs and business people to leave the state or never come in the first place. Why do high capital gains rates matter? They discourage investors and business people from coming to Montana because they will pay this high tax when they sell their investment, rental house, business, farm, ranch, or other capital asset. The Tax Plan Will M
