For tax purposes, Wisconsin should treat profits from investments the same as income from work. Currently, Wisconsin gives preferential treatment to profits from investments, which results in tax breaks for the best off. Most other states treat profits from investment the same as income from work.
The Top Ten Problems with Increasing Opportunity Zone Tax Breaks
Wisconsin legislators are considering a bill that would double a capital gains tax break approved two years ago, which was intended to encourage very wealthy people to invest in “distressed” areas. Although that strategy for incentivizing investments in “Opportunity...