Investor Presentaiton

• Factors in states with more equitable tax systems Highly progressive income tax brackets and rates • Use of targeted, refundable low-income credits · Broad-based income taxes Higher reliance on income taxes and lower reliance on regressive consumption taxes DJFO 1 Baldwin Street Montpelier, VT 05633-5701 (802) 828-2295 https://ljfo.vermont.gov 8

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