Lawmakers wanted an income tax lawsuit - they'll get two
Last updated 5/6/2021 at 2:19pm
Public records show lawmakers plan to use the capital gains income tax to set up a lawsuit to try to impose a broad-based graduated income tax. They’re going to get not one, but two.
It could be years, however, before we know if the state Supreme Court decides to uphold its numerous rulings saying that you own your income or if they’ll instead reverse course.
Just days after the Legislature approved Senate Bill 5096 — which institutes an income tax on capital gains — the conservative Freedom Foundation filed a lawsuit in Douglas County. A separate group, The Opportunity for All Co...