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0 pointsphyzix576115d ago0 comments

The rich don't tend to have much income to tax (proportionally). The bulk of their wealth increase per year comes from capital gains.

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thewebguyd14d ago

Washington also has a capital gains tax now, 7% on long-term capital gains above $270k, and 9.9% on gains above $1 million, exempting real estate and retirement accounts.

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0 pointsphyzix576115d ago0 comments

The rich don't tend to have much income to tax (proportionally). The bulk of their wealth increase per year comes from capital gains.

0 comments

thewebguyd14d ago

Washington also has a capital gains tax now, 7% on long-term capital gains above $270k, and 9.9% on gains above $1 million, exempting real estate and retirement accounts.

j / k navigate · click thread line to collapse