"Capital gains tax receipts in Washington tumble" --Washington took in $433 million as of May 15, 2024. That's down from $786 million netted in 2023, the first year the tax was paid.
"Capital gains tax receipts in Washington tumble" --Washington took in $433 million as of May 15, 2024. That's down from $786 million netted in 2023, the first year the tax was paid.
www.kuow.org Capital gains tax receipts in Washington tumble
Washington state officials report $433 million in payments in April, down from $786 million in 2023. Lawmakers may need to address the decline.
2 comments
This is good if it means the billionaires left WA, bad if they just found a way to circumvent the tax.
Based on the article it sounds more like the tax in inherently volatile, with the number of people paying the tax remaining steady.