Just days after the Washington Legislature gave final approval to a new capital gains tax aimed at the state’s wealthiest residents, the conservative Freedom Foundation has filed a lawsuit on behalf of five individuals and one couple to overturn the tax.
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Washington’s newly-passed capital gains tax faces first legal challenge
Washington’s newly-passed capital gains tax is facing a lawsuit just three days after it was approved by state lawmakers in Olympia.
First lawsuit filed against state income tax
https://thelens.news/2021/04/28/first-lawsuit-filed-against-state-income-tax/
A capital gains income tax is not needed and will hurt Washington’s economy
The Seattle Times by Matt McIllwain Read full article here
Legislators must drop hasty, flawed capital-gains tax push
The Seattle Times by The Seattle Times Editorial Board Read full article here
State Senator: “We don’t care whether a capital gains tax is an income tax”
Washington Policy Group by Jason Mercier Read full article here
IRS: Capital gains tax “is an income tax”
Washington Policy Center by Jason Mercier Read full article here
Lawmaker’s emails confirm goal for capital gains proposal is broad income tax
Washington Policy Center By Jason Mercier Read full article here
Public records reveal WA DOR’s thoughts on capital gains income taxes
Washington Policy Center By Jason Mercier Read full article here
Senator Nguyen: “I agree with you that cap gains is income”
Washington Policy Center By Jason Mercier Read full article here