Corporations and high-income residents of Vermont would pay more in state income and real estate transfer taxes next year under spending bills moving quickly through the legislature.Three pieces of legislation modify several state revenue programs to raise an additional $125 million to fund new initiatives aimed at health care, affordable housing, and access to the judicial system. The major tax policy changes include a new top marginal tax bracket for taxpayers earning more than $500,000, a new tax on high-end properties, a higher corporate rate, and a more aggressive approach toward taxing multinational corporations’ foreign income. …
