The tax increases must still be approved by the governor. They are intended to boost revenue and make a big dent in a $16 ...

Adds new 9.9% rate (2.9% additional) on capital gains exceeding $1 million, retroactive to January 1, 2025, and not indexed for inflation. Individuals in Washington State pay capital gains tax on ...

as reported by the Washington State Standard on Tuesday. The existing 7% tax on capital gains applies to gains above $270,000 from the sale of stocks and bonds, excluding revenue from real estate ...

Washington lawmakers, facing a projected operating budget shortfall of approximately $16 billion over the next four years, are considering raising the state’s capital gains tax to offset the ...

Flying somewhat under the radar: rumblings that Washington lawmakers are considering raising the state’s capital gains tax to bring in more revenue. Washington, which faces a projected operating ...