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Why focus on income tax and capital gains tax relief instead of property tax relief?

April 26, 2017capital gains focus relief tax

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Why focus on income tax and capital gains tax relief instead of property tax relief?

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As explained in the answer to Question #1, our income tax rates and effective capital gains tax rates are the highest in the region. Our property taxes, on the other hand, are below the regional average. There are good reasons to reduce property taxes, however it is our income tax and effective capital gains tax rates that stick out like a sore thumb in the region, encouraging businesses, investors and entrepreneurs to go elsewhere.