Submitted by Bozzooo t3_120yder in Washington
rosesandpiglets t1_jdk843k wrote
Reply to comment by nanobitegamer in Washington Supreme Court upholds new capital gains tax by Bozzooo
The state constitution prohibits an income tax, the supreme court was deciding if taxes on capital gains (like selling stock) count as income tax
MetallicGray t1_jdlq9ad wrote
That’s interesting. Aside from where you stand, I don’t see how selling capital gains is not an income. Investments sole purpose is to generate more money off your money… so how is money generated not considered income.
UncommonSense12345 t1_jdlyjyw wrote
Every tax group/gov in the world says capital gains are income….. WA state basically just bucked common sense so they could ram through this tax. Much like how they ignore the Bruen decision on their gun laws….. WA state has been 1 party run so long there are 0 checks and balances on what the gov can do…. People keep voting for the dems tho so what can you do ….
[deleted] t1_jdm32k4 wrote
[removed]
[deleted] t1_jdmipf2 wrote
[removed]
wyecoyote2 t1_jdnab3c wrote
>the GOP has held the state senate in the last 10 years
Oops, this doesn't say decade does it.
[deleted] t1_jdnax4e wrote
[removed]
[deleted] t1_jdnbii9 wrote
[removed]
rosesandpiglets t1_jdnbx5o wrote
Thanks for confirming you don’t know what “in” means
Again, I said they controlled the state senate IN the last 10 years.
Have a nice life
FireAntHoneyBadger t1_jdnu0mi wrote
Exactly. This is a twisted ruling based on politics, not the state constitution.
CraftyFellow_ t1_jdsevbt wrote
So you be okay with taxing capital gains at the same rates as income federally? You know since obviously capital gains are income.
MetallicGray t1_jdt8ise wrote
Um. Yes? Seems pretty obvious and consistent with my statement.
Also short term capital gains tax is the same rate as federal income tax rates.
I’m guessing it’s the long term rates your thinking of.
Idk why you worded that comment like it was some kind of gotcha lol
Viewing a single comment thread. View all comments