Live Breaking News & Updates on Opportunity For All Coalition
Stay updated with breaking news from Opportunity for all coalition. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Amid legal challenge, Washington capital gains tax signed into law By RACHEL LA CORTE, Associated Press Published: May 4, 2021, 4:24pm Share: OLYMPIA A new capital gains tax on high profit stocks, bonds and other assets was signed into law Tuesday by Washington Gov. Jay Inslee. A legal challenge against the tax has already started, with one lawsuit filed last week and another expected. The measure imposes a 7% tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples, and is expected to bring in $415 million in 2023, the first year the state would see money from the tax, which would start in January 2022. ....
Amid legal challenge, capital gains tax signed into law Sign In RACHEL LA CORTE, Associated Press May 4, 2021 FacebookTwitterEmail 8 1of8Washington Gov. Jay Inslee approaches a podium outside of the governor s mansion on the Capitol campus Thursday, April 15, 2021, in Olympia, Wash. Inslee held the outdoor news conference to urge people to get vaccinated and to socialize and conduct business outside as much as possible to help slow further the spread of COVID-19.Rachel La Corte/APShow MoreShow Less 2of8Brenda Holland, a hotel housekeeping worker who was laid off last year during the COVID-19 virus pandemic, speaks Tuesday, May 4, 2021, in Tukwila, Wash., before Gov. Jay Inslee signed a bill into law that levies a new capital gains tax on high profit stocks, bonds and other assets for some residents of Washington state.Ted S. Warren/APShow MoreShow Less ....
Capital gains tax signed into law in Washington state Published Gov. Inslee proposes capital gains tax, tax on health insurers Washington Gov. Jay Inslee is proposing a new capital gains tax and a tax on health insurers as part of his two-year, $57.6 billion budget proposal. A legal challenge against the tax has already started, with one lawsuit filed last week and another expected. The measure imposes a 7% tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples, and is expected to bring in $415 million in 2023, the first year the state would see money from the tax, which would start in January 2022. ....