capital gains tax

The 'victories' in court from Friday are very big in pushing forward the lawsuit challenging the WA state capital gains tax.

After nearly 11 years of trying, Gov. Inslee finally gets his capital gains tax.

Despite numerous rejections by voters for decades, House Democrats pushed through a capital gains tax, one of Inslee's 'holy grail' projects.

The Democratic Senate proposed budget derives some of it's income from a proposed capital gains income tax.

According to an excellent piece in the Washington Observer, Democratic Ways and Means Committee members twice blocked amendments to Capital Gains Tax proposal that would have made it far easier for citizens to challenge.

Forbes reports experts say Inslee's capital gains tax would discourage people with capital or investment money from using it here. They will seek to invest in business and opportunities elsewhere.

More and more experts and Olympia insiders are believing Inslee is actually hoping for a lawsuit, which would open the door for implementing a graduated income tax--without a Constitutional amendment.

Opening statement full of equity lens, redistribution of wealth buzzwords.

In his efforts to close a budget gap of just under $2 billion dollars, Gov. Jay Inslee wants to impose a capital gains tax on what he calls the wealthiest "1%" of Washington's wage earners.  The only problem - he would be in violation of our state's tax laws.