Tony Stark on Nostr: Taxing the rich works like a charm. A capital gains tax, which was passed by the ...
Taxing the rich works like a charm. A capital gains tax, which was passed by the Democratic-controlled state legislature in 2021 to fund childcare and public education, will bring in nearly $601M more in revenue than previously projected.
According to the WA Department of Revenue, just 1,200 tax returns and 2,500 extensions represent the households paying the new 7% tax on profits over $250,000 gained from selling stocks and bonds. Good work, Jay Inslee and Democrats.
https://washingtonstatestandard.com/2023/05/25/washington-collects-nearly-850-million-in-capital-gains/
According to the WA Department of Revenue, just 1,200 tax returns and 2,500 extensions represent the households paying the new 7% tax on profits over $250,000 gained from selling stocks and bonds. Good work, Jay Inslee and Democrats.
https://washingtonstatestandard.com/2023/05/25/washington-collects-nearly-850-million-in-capital-gains/