Ditch Washington's Capital Gains Tax? The case for No on I-2109
When you go to vote this November, it won’t just be for President or Governor. You’ll also be voting on a group of initiatives - and these things are complicated. So we’re breaking all of them down here on Soundside this election season.
And this week, we’re turning to I-2109: aka, the measure that seeks to Repeal the Capital Gains Tax.
Passed by the legislature back in 2021, the tax took effect two years ago. It charges a 7% tax on the sales of some types of assets - things like stocks, bonds, and some types of businesses. The tax kicks in on profits exceeding $262,000.
Real estate…
The skinny
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