Capital gains are a type of income tax. The eventual result will be income tax for all.
Taxing people sucks the life out of our economy. The more taxes gathered, the less life is left.
Sucking out life is always bad; now it would be so much worse since we have not even begun to recover from COVID.
Olympia is having a hearing tomorrow 8am (2/11/2021). Please be sure to OPPOSE this bill HB 1496 (Who needs more taxes?). You can comment at https://app.leg.wa.gov/pbc/bill/1496 and also call the Legislative Hotline at 1-800-562-6000.
This
would be an additional capital gains tax on sale of assets such as
stocks, bonds, houses… A new Washington state bureaucracy in the Dept. of Revenue
would be created with new filing forms, a Washington State IRS.
The
proposed income tax would
start at 9%. And though the income tax would start out taxing only billionaires in Washington state, it would open the door on capital gains state income tax for all.
We need to get three Democratic senators to change their votes to No for the income tax to fail, so call the legislative hotline at 1 800-562-6000 to voice your objection to a state income tax. One call will reach all three of the legislators in each district.
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Click to view this Youtube video of Washington Policy
Center's Vice President for Research, Paul Guppy providing an exclusive
update regarding the ongoing legislative session (as of last week)
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HB 1496 Let them hear from you on this tax. Legislative Hotline 1-800-562-6000
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