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State is sending notifications of retroactive taxes

48,000 residents face 2002 billings

By Raphael Lewis
Globe Staff / November 10, 2005

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The Massachusetts Department of Revenue began notifying 48,000 taxpayers yesterday that they owe capital gains taxes on the sale of assets that occurred nearly four years ago, outraging consumer advocates and business leaders who called the retroactive taxation plan unfair. (Full article: 821 words)

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