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BostonFoliage t1_jdnhdf6 wrote

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

I'm talking about 5 years from now the way inflation is going. It's hard to pay rent and buy groceries as is today.

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Unique_Engineering_3 t1_jdnijy7 wrote

The bill addresses inflation.

Unless you are making $250k/yr ($500k/yr for a couple)—adjusted for inflation—then this capital gains tax is not something you need to worry about.

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BostonFoliage t1_jdnjt46 wrote

Official inflation is 6% but my groceries and rent are 30-50% higher. Anyhow, hope you're right about it. Wish I could say I trust our leaders as much as you do.

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Unique_Engineering_3 t1_jdnk78k wrote

I cited my comment elsewhere, it’s literally part of the FAQs on the law.

The $250/yr per person is adjusted for inflation.

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BostonFoliage t1_jdnptjk wrote

Adjusted for official inflation numbers. I think official numbers are deceptively lower than the reality.

Don't you feel like you money is buying you less and less? Maybe it's just me.

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Unique_Engineering_3 t1_jdnqpz9 wrote

> Adjusted for official inflation numbers. I think official numbers are deceptively lower than the reality.

> Don't you feel like you money is buying you less and less? Maybe it's just me.

We’re going in circles here.

The most likely outcome is that it’s highly unlikely that either of us will ever need to worry about this capital gains tax.

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BostonFoliage t1_jdoqsk3 wrote

Let's hope so. Prices will come back down & wages will come up. Fingers crossed you're right.

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