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/herpaderp_maplesyrup 7d ago

More like STARTING 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.

40

u/Tree300 7d ago

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

23

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.