More states are opting out of a massive tax break for the rich.
Simply put, QSBS allows millionaire investors to pay zero income tax on their profits.
32 states are still allowing this tax break, and it's costing them billions in revenue.
itep.org/state-decoup...
We estimate that by 2032, QSBS will be costing states $1.1 billion a year, and since states must balance their budgets, that’s money they can’t use for public services.
