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A case before the Supreme Court threatens to upend the balance of power between the states.

With the April 8, 2023, filing deadline just a few weeks away, taxpayers with Washington capital gains in excess of $250,000 will need to determine how this tax will impact them.

  Delivered October 26, 2016 MR. EDWIN MEESE: Thank you, John, and thank you, ladies and gentlemen. It’s a pleasure for me to join John Malcolm and The Heritage Foundation to welcome you to this, the Joseph Story Distinguished Lecture. This is one of Heritage’s most prestigious events of the year, and we are very happy to sponsor it this evening, particularly because of the guest that I’ll introduce in a moment.

Today marks two years since the MRTA was passed. Here’s the most comprehensive history you’ll find on what’s taken place since then.

The Washington Supreme Court in a 7-2 decision upheld the 7% capital gains tax enacted in 2021, concluding the tax violated neither the Washington state Constitution nor the U.S. Constitution. The tax applies to individuals with capital gains of more than $250,000.