Thanks to Our Supporters

Since our first session in 2006, the Club has successfully lobbied to reduce personal income taxes (10% cut for all brackets), cut the corporate tax rate (from 7% to 4.9%), reduce both residential and commercial property taxes, and now cut the capital gains tax rate by 25 percent.

Session Ends with Capital Gains Tax Cuts

The House and Senate sent to Gov. Brewer a bill to cut Arizona’s capital gain tax.  Brewer is expected to sign the bill this week.

The capital gains tax cut would allow taxpayers a 25% subtraction from how capital gains are currently taxed (as regular wages).  So if you’re in the 4.54% tax bracket, realized capital gains would be taxed at 3.4% rather than 4.54%.

The Arizona Free Enterprise Club for two years has pushed to have capital gains eliminated, but this 25% subtraction is a good first step.