Washington state’s vibrant and diverse economy doesn’t hint at it. Neither does Seattle’s red-hot construction and tech boom, nor the sheer wealth of some of our residents. You’d never know it by the tens of thousands of people moving to Puget Sound for the plentiful jobs and outdoorsy lifestyle.
But, Washington has a tax problem.
It simply can’t seem to raise enough money to fund basic services. Especially not in ways that feel fair to most people or even meet what courts say are the fundamental expectations for important services. Read more: https://kcts9.org/node/55446
More info on What’s Up With Washington State’s Tax System?
What’s Up With Washington State’s Tax System? - BingNews Search results
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Washington state accepting applications for low-income tax credit
The Washington State Department of Revenue is now accepting applications for a tax credit for low-income families. The Working Family Tax Credit provides payments of up to $1,200 for eligible families ...
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State Experimentation With Wealth Taxes.
States are beginning to take to heart Justice Brandeis' concept of being a laboratory of economic experiments. One area States are beginning to test the waters is with various wealth tax proposals.
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Can Washington's capital gains tax survive the Supreme Court?: Today So Far
Will Washington's capital gains tax survive the courts? The Bellevue School District is considering the closure of three elementary schools because enrollment is down. Where are all the kids going? I ...
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Washington's new capital gains tax goes before state Supreme Court
The case is part of a century-old struggle to make the state's tax system more progressive. The Washington Supreme Court Thursday morning heard arguments in Chris Quinn v. State of Washington, which ...
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Justices weigh effort to balance Washington state's tax code
An effort to balance what is considered the nation's most regressive state tax code comes before the Washington Supreme Court on Thursday, in a case that could overturn a prohibition on income taxes ...
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WA’s tax system is broken, but using the courts to slip in an income tax is wrong | Opinion
So until then, taxpayers caught in this net are expected to pay up with the assurance their money will be refunded with interest if the challenge to the capital gains tax prevails. Even though this is ...
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Supreme Court Ruling Could Allow Washington to Tax the Rich
Tomorrow, the Washington Supreme Court will hear oral arguments from the Attorney General and a bunch of wealthy conservatives on the legality of our state’s power to tax the rich. A decision in favor ...
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Washington Supreme Court case for controversial capital gains tax begins this week
The Washington state Supreme Court will hear arguments this week on whether a statewide tax on capital gains in excess of $250,000 is lawful. The capital gains tax, approved by… Read More ...
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A national wealth tax has gone nowhere. Now some states want to tax the ultra-rich.
The lawmakers, who represent Democratic-leaning states including New York, Washington and California ... in these states could pull up stakes and move to lower-tax states in order to avoid ...
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An ‘excise tax’ on income is detrimental to WA’s future
It did not. Can we ever credibly expect our state to lower the various forms of excise taxes you pay? Washington’s longstanding tax system is not perfect, but it has worked to massively grow the ...
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Understanding Federal vs. State vs. Local Taxes
Federal Income Tax: A Progressive System The federal government ... be reduced government services. What’s more, if you are still earning income in another state, you could still pay that ...