Did you know Washington’s Supreme Court could approve a new “excise tax” that will follow you wherever you go? Did you know that over the past 12 years the state has experienced a 150% increase in tax revenue – from $26 billion to $66 billion? Do you believe that, even with this spectacular increase in […]

“The bad example is Washington state, which fell to 28th from 15th. The state’s new 7% levy on some capital gains isn’t adjusted for inflation, which means the bite will increase over time. The report notes that Washington’s “aggressive gross receipts tax and high-rate sales tax, has always been” offset in the ranking by its […]

“Washington state’s capital gains tax has been ruled unconstitutional. The state attorney general is petitioning the Washington Supreme Court to allow its collection anyway, pending appeal.” “Lawmakers could have acknowledged from the beginning that the IRS and every other state in the country unequivocally say that a capital gains tax is an income tax. Instead, […]

“I can understand why the Democrat legislators who approved the state income tax would hope the state Supreme Court will reinstate it,” said Sen. Lynda Wilson, R-Vancouver. “But the Department of Revenue is acting like the justices have already overruled the lower court, even though the case hasn’t even been argued before them yet. As […]

“The motion today is vindication for CADF on two points. It is a tacit admission by the state that we were right in saying they needed to get a motion to stay the trial court ruling and couldn’t just ignore it. Second, the department of revenue is dropping any pretense about the proposed rule being […]

“Workers and employers moved away from the coasts to middle of country and Florida, sparking swifter recoveries there” Read more: Red States Are Winning the Post-Pandemic Economy – WSJ »

Take a look at the policy proposals for the state of Washington. View the full PDF here »

“Washington’s economic profile page notes the state does not have individual income tax but did pass a 7% capital gains tax that was passed by lawmakers in April but is now in legal limbo as it heads to the state’s Supreme Court.” Read More: Washington ranks No. 2 on new list of top states for […]

S&P states, “The ratings reflect our view of Washington’s: Sales tax-based revenue structure, which has demonstrated less sensitivity to economic cycles than income tax-reliant states…” Read the full article: S&P Says Credit Strength for Washington Is No State Income Tax »

“The hope of income tax advocates is to use the new capital gains income tax to get the justices to change the rules of the game so that a graduated income tax can be imposed with a simple majority vote without the voters first amending the constitution.” Read the full article here: Washington Educator’s Association […]