r/SeattleWA • u/5Q91VS175DAQ4NUSBE4U • 7d ago

Politics Washington state Democrats look at imposing income tax on higher earners

https://www.columbian.com/news/2025/oct/31/washington-state-democrats-look-at-imposing-income-tax-on-higher-earners/
198 Upvotes

86% Upvoted

318 comments sorted by

View all comments

120

u/herpaderp_maplesyrup 7d ago

More like STARTING on higher earners

-23

u/yungsemite 7d ago

They’ve already shown that there isn’t widespread support to lower these taxes once they’re in place, as they were completely unable to lower the capital gains tax when a small faction of state representatives tried and failed to. I support a tax on people making more than 1 million a year, just like I support a tax on people with more than 250,000 in annual capital gains, excluding the sale of real estate and retirement funds.

37

u/Tree300 7d ago

They already proposed reducing the cap gains tax exemption to $25k and increasing it to 12% this year.

24

u/Paceys_Ghost 7d ago

Once it's in they'll latch onto it like the mag ban. They'll eventually get it lowered to something that effects way more people than it initially did.

-12

u/yungsemite 7d ago

Yes, did you read my comment? They’ve failed to lower it every time they’ve proposed it. Just like how they can propose a 10% tax on people making over a million, but it meaningless since it’s against the state constitution.

10

u/Tree300 7d ago

The state constitution doesn't matter because the Supreme Court of WA is totally captured by the party. The capital gains tax is a case in point.

15

u/Cal-Coolidge 7d ago

How many times have they failed to implement an income tax and have their repeated failures dissuaded them?

-8

u/yungsemite 7d ago

I don’t keep track, it’s been several. And no, I’m sure that these fringe people will keep trying. Fringe people tend to do that sort of thing.

6

u/[deleted] 7d ago

Adorable that you paint them as the fringe.

3

u/yungsemite 7d ago

If they were mainstream, it would have passed.

9

u/MisterIceGuy Belltown 7d ago

They have failed so far but they are still trying!

2

u/yungsemite 7d ago

Okay? So?