WA Taxes
Two tax bills introduced into WA State this week:
Bill tracking in Washington - SB 5797 (2025-2026 legislative session) - FastDemocracy
Enacting a tax on stocks, bonds, and other financial intangible assets for the benefit of public schools.
Bill tracking in Washington - HB 2046 (2025-2026 legislative session) - FastDemocracy
Creating fairness in Washington’s tax by imposing a tax on select financial intangible assets.
Sixty-six percent of the numerous sponsors (no doubt many backroom deals were made to pass these bIlls) are women and the remainder are 1/3rd minorities. That's a government which sees me as a payday, so I left Washington a year ago. Unrealized gains means immediate income at the expense of inattentive residents still holding assets. Looks pretty similar to the Alternate Income Tax from twenty years ago.
Another correct prediction!
And none of them are paying attention to the side effects.
Seattle payroll tax revenues fall short by $47M
Mayor Harrell’s 2024 report reveals a $50M deficit, raising concerns about job loss in Seattle.
WA State is gone! - GreatAwakening
**Allowing non-citizens to be police, prosecutors, judges, firefighters, teachers, etc... WAS UNANIMOUSLY APPROVED BY LE