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 […]
SEATTLE — Former Washington state Attorney General Rob McKenna has filed a lawsuit challenging the state’s recently passed capital gains tax.
A second lawsuit has been filed to overturn a newly passed capital gains tax in Washington.
Former Attorney General Rob McKenna joins lawsuit seeking to invalidate Washington state’s capital gains tax
Former Washington Attorney General Rob McKenna filed a lawsuit Thursday seeking to strike down the state’s new capital gains tax, arguing it is a stealthy and illegal income tax.
Our state has been a center of innovation, development and a magnet for growing industries for decades. Part of what makes us competitive is the spirit of risk and reward that capital investment requires. Washington allowed families to keep more of their money to spend, save or invest and notably — income taxes were not […]
Olympia passes a 7% tax on gains, joining 13 states in the 50% club with Biden’s tax hike.