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wyecoyote2 t1_jdmitq9 wrote

Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo

I'm sure if you are making that a year on the sale of stock. You will simply take a loan on the stock and not pay a tax.

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Unique_Engineering_3 t1_jdmjd8x wrote

Right?! Their accountants and lawyers will point out plenty of legal ways to help their clients lower or avoid the additional tax liability. It’s not like people with $250k/yr in capital gains don’t have resources for specialized assistance.

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JackAlexanderTR t1_jdvlkcb wrote

Yes if you make that much every year. But for people who that might be a one in a lifetime deal, or once every few years at best, they can't afford the big boy tricks. And so it will hit the most those who can afford it the least. As always.

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wyecoyote2 t1_jdw4n4i wrote

Absolutely true. Who else was this made for. Not to mention now all income can be considered an excise tax.

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