Submitted by Bozzooo t3_120yder in Washington
d3ming t1_jdlj30y wrote
Reply to comment by nanobitegamer in Washington Supreme Court upholds new capital gains tax by Bozzooo
So far no one on this thread actually explained how this tax works. ie in what case would I be taxed due to this vs how it was before?
Edit: answering my own q after some research - cap gains over 250k would be taxed at 7%. examples:
- 249k of gains would have no tax
- 250100 would have 7 dollar of tax (7% of 100 which is over the 250k limit)
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