unintended

Opinion

WA’s capital gains tax will have unintended consequences

On March 24, Washington’s Supreme Courtroom flashed a vivid inexperienced gentle for a long-term capital positive aspects tax. The brand new tax takes a 7% chew out of people’ capital positive aspects past $250,000 yearly. It excludes actual property and the sale of retirement accounts, along with a few other exemptions. Importantly, it permits most taxpayers to deduct positive aspects…