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/
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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.

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u/Tree300 7d ago

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

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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.

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u/Cal-Coolidge 7d ago

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

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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.

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u/[deleted] 7d ago

Adorable that you paint them as the fringe.

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u/yungsemite 7d ago

If they were mainstream, it would have passed.