JackAlexanderTR
JackAlexanderTR t1_jdvl54g wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
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.
JackAlexanderTR t1_jdu11h0 wrote
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.
JackAlexanderTR t1_jdu0hpw wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
Portland said who cares too, they hate the rich too. Except the rich quickly became upper middle class, than middle class homeowners, and now basically everyone who is making average income.
And now Portland is losing population year and year, with many of them moving across the river in WA actually..
If you chase away all the money, eventually you have just poor money and no tax base. When everyone's too poor to pay taxes how will the government be funded and how will the services be provided??
JackAlexanderTR t1_jdu07im wrote
Reply to comment by Competitive-Bit5659 in Washington Supreme Court upholds new capital gains tax by Bozzooo
I voted for Democrats past few elections and I will 100% not vote for them again at local/state level. What people don't understand is that this will trigger an exodus of wealthy people and large corporations and the state will lost a lot more money than what it will make from this. Look at Portland Oregon chasing away all those "big and evil" corporations and then rich people, and now just regular middle class people because of all the taxes on top of taxes.
JackAlexanderTR t1_jdtzvcn wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
I voted for Democrats past few elections and I will 100% not vote for them again at local/state level. What people don't understand is that this will trigger an exodus of wealthy people and large corporations and the state will lost a lot more money than what it will make from this. Look at Portland Oregon chasing away all those "big and evil" corporations and then rich people, and now just regular middle class people because of all the taxes on top of taxes.
JackAlexanderTR t1_jdvlkcb wrote
Reply to comment by wyecoyote2 in Washington Supreme Court upholds new capital gains tax by Bozzooo
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.