Judge overturns Washington state’s new capital gains tax
UPDATED [12:29 AM MARCH 2, 2022]: Added the Republican response to the capital gain tax ruling DOUGLAS COUNTY, March 1, 2022 – Today, Douglas County Superior Court Judge Brian Huber overturned a new capital gains tax that was signed into law last year by Governor Jay Inslee. Huber ruled that it is an unconstitutional tax […]
State Senate approves 7% capital gains tax
By Mario Lotmore | Lynnwood Times Staff Olympia, Wash., March 6, 2021 – Today the Washington state Senate narrowly passed SB 5096 to impose a 7% capital tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. Those persons who profit more than $250,000 in […]
State Senate plans Saturday income tax vote
By Jason Mercier | Commentary Cancel your weekend plans. The income tax on capital gains (SB 5096) has been scheduled for a vote by the full Senate on Saturday. I am truly stunned that the Senate is poised to ram thru an income tax before what everyone expects to be a large increase in the March […]
