WA State Sureme Court rules: We have an income tax

Jason Mercier noted on twitter 

@MercierOnPolicy

·

Mar 24

UNREAL. State Supreme Court ruled today that #waleg has discovered the first standalone excise tax on capital gains income on the planet. Every other tax jurisdiction in the world says a capital gains tax is an income tax. 

More to come. 

 

https://courts.wa.gov/opinions/index.cfm?fa=opinions.showOpinion&filename=1007698MA

The legislature enacted an income-capital-gains tax, disguised as a "progressive" excise (sales) tax, on capital gains greater than $250,000.  The tax is designed mainly to hit the grandparents when they move into a retirement center and sell the old house.  The "progressive" element is a clear violation of the state constitution. [WA ATG]

Washington state people know that our state constitution permits taxation only on property and excise tax on sales & purchases.  The constitution further mandates that all taxes be applied evenly.  That is, if you pay an 8% sales tax, then I should pay an 8% sales tax.  Any tax on sales has to be applied evenly across all sales, from dollar one to the last dollar. [Justia]

 

The tax is "progressive" for now.  Watch for that to change as the leftist Democrats discover they want to take more & more of our money.