Budget and Taxes Fact Sheets Capital Gains Tax Breaks, 2010 April 1, 2010 / January 15, 2020 by GBPI Staff Capital gains tax preferences are costly, inequitable, and ineffective. They deprive states of millions of dollars in needed funds, benefit almost exclusively the very wealthiest members of society, and fail to promote economic growth in the manner their proponents claim. Download the PDF. Read more ยป Capital Gains Tax Breaks Fact Sheet State Taxes