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.

Jason Mercier, director of the Center for Government Reform at the Washington Policy Center, discusses two lawsuits against lawmakers’ efforts to create a state income tax

Public records show lawmakers plan to use the capital gains income tax to set up a lawsuit to try to impose a broad-based graduated income tax.

OLYMPIA — Washington’s new tax on capital gains above $250,000 isn’t even law yet, but it’s already being challenged in the courts.

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.

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

The Seattle Times by Matt McIllwain Read full article here

The Seattle Times by The Seattle Times Editorial Board Read full article here