JackAlexanderTR t1_jdu11h0 wrote on March 27, 2023 at 4:39 AM

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

It absolutely is. They make lots money and buy lots of (expensive) stuff. So lots of sales tax loss which is the main way the state budget is funded.

Also small businesses already pay lots of taxes (big businesses too), and their owners are more likely to move out too.

Unique_Engineering_3 t1_jdu18kl wrote on March 27, 2023 at 4:42 AM

> It absolutely is. They make lots money and buy lots of (expensive) stuff. So lots of sales tax loss which is the main way the state budget is funded.

> Also small businesses already pay lots of taxes (big businesses too), and their owners are more likely to move out too.

You convinced me, Oregon had it right.

No sales tax, all income tax.

Wwwhhhaaattt?!?!

They figured out they pay LESS tax in WA with sales tax on “their expensive stuff” than they did in OR with income tax and no sales tax. That’s why they moved in the first place.

Income tax is a more fair way to tax people as a percentage of their income than sales taxes anyway. So yeah… let’s do it!

Good job, u/JackAkexanderTR, you’re a great salesman! 👍

JackAlexanderTR t1_jdvl54g wrote on March 27, 2023 at 2:57 PM

If you think Oregon has it right than you're not being very realistic. Oregon had so much potential and it's completely wasted because of implementing lots of bad ideas on top of bad management. It went from being a destination state to being a exodus state.

I have nothing against income tax if all other states implement one. Otherwise it's just much too simple for those actually paying majority of these taxes to move to a no income tax state.

Unique_Engineering_3 t1_jdxslyy wrote on March 27, 2023 at 11:41 PM

> If you think Oregon has it right than you're not being very realistic. Oregon had so much potential and it's completely wasted because of implementing lots of bad ideas on top of bad management. It went from being a destination state to being a exodus state.

Oh no! They’re not kidding the butts of the wealthy enough! They ran to Washington! Boo hoo! 😭

Oh wait… I don’t care.

In the laboratory of real life the wealthy determine that WA had lower tax exposure than OR according to your post.

If WA because less off a tax haven for the wealthy and the decide to move again…

I. Do. Not. Care.

> I have nothing against income tax if all other states implement one. Otherwise it's just much too simple for those actually paying majority of these taxes to move to a no income tax state.

I agree. All income tax, including capital gains and wages at the same rate and no sales tax for all US citizens.

Not a U.S. citizen? No sales tax exemption.