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• Increasing the standard deduction
• Increasing the level of income that will be taxed at the maximum rate.
In addition to these changes that have already been introduced, Senator Miller plans to introduce legislation that will index the cost basis of assets sold if the assets have been held over a period of years. This will prevent having to pay tax if the sales price is less than cost basis adjusted for inflation.
If you would like to discuss this or another state issue, you are urged to attend this public meeting or contact Senator Miller by mail to express your views.
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