by Collin Hathaway Proponents of Washington’s new capital gains income tax were sneaky and disingenuous when passing an illegal “excise tax” under an emergency measure which prevents a voter repeal of the tax on this month’s ballot. To further this charade, the legislature claims this is an excise tax, not an income tax. An […]
In passing this latest income tax, lawmakers subverted the voters’ will and our state’s constitution by mislabeling this an excise tax. The IRS and the 49 other states in the union all recognize capital gains tax as an income tax. The IRS has stated in a letter to U.S. Rep. Dan Newhouse that capital gains […]
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Like a never-ending game of whack-a-mole, efforts to impose an income tax in Washington state continue to pop up no matter how many times they’ve been slapped down. That’s why the Kennewick City Council’s formal opposition to a local income tax is more than just political posturing. It’s an important way to tell state leaders to […]
In the winter of 2019, “Snowmageddon” hit Seattle and ground the city to a halt. The snow piled on roofs and didn’t fully melt for nearly a month forcing my company, Guardian Roofing, to close for weeks. My co-owners and I immediately injected $200,000 of our savings into the business to ensure we had enough […]
Already technically in effect as of July 25, the capital gains tax needs to be quickly struck down as it has been wrongly painted as a legal excise tax. It will unconstitutionally be implementing a 7% tax on the sale of stocks, bonds and other investments if the profits are more than $250,000 annually. The […]
In this episode of the Focus 15, TJ Martinell speaks with former state attorney general Rob McKenna who is representing the plaintiffs in the lawsuit against the state’s capital gains income tax. Listen to the full episode here.
by the Tri-City Herald Editorial Board Kevin Bouchey of Richland should be relaxing and enjoying his first year of retirement. Instead he is anxious that the state is going to take away money he was counting on. That’s because Gov. Jay Inslee and the Washington state Legislature — led by a Democratic majority — pushed […]
Focus 15 Episode 22 – Is Washington’s income tax here to stay?
by Dan Newhouse June 16, 2021 I’ve said it before, and I’ll say it again: An income tax in Washington state is unconstitutional. Democrats in our state legislature recently passed Engrossed Senate Substitute Bill (ESSB) 5096, a bill that would impose a new 7% tax on capital gains in Washington state. However, according to the […]