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
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