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New Mexico's top personal income and top capital gains tax rates were recently reduced, moving the state to among the most desireable locations from a personal and capital gains tax rate stand point.
By 2007, New Mexico's top personal income tax rate will have fallen from 8.2% to 4.9%, and the comparable capital gains rate from 8.2% to 2.45%.
Comprehensive information on New Mexico personal and corporate taxation policies is available from the New Mexico Department of Taxation and Revenue.
Please note that data provided regarding taxes is for general informational use only. Tax rates are subject to change.