Don't Let Tech Millionaires Pay the Lowest Taxes in the District
A bill being considered by the DC Council next week would tax income from investments in DC’s technology companies at just three percent. That’s lower than the rate paid by other working District residents.
The District cannot afford to offer tax breaks for wealthy investors at the expense of education, health care, and other services — especially when there is no evidence that investment tax breaks provide any economic benefits. DC already offers several tax incentives for technology companies, and adding ineffective tax cuts for wealthy investors would cut into the city’s revenues and make it even harder to fund important services like libraries and housing. DCFPI needs your help in discouraging the Council from passing tax cuts for wealthy investors. Please, sign up here to support its efforts: http://bit.ly/StopTechTaxCuts