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(The Center Square) – A general income tax in Washington state appears to be off the table for now, even as voters retained the state’s capital gains tax by failing to pass Initiative 2109 on ...
The No on 2109 campaign sent a news release via email that, in part, said, “Washingtonians have spoken loud and clear for progress toward fixing our upside-down tax code, as the middle class pay ...
Bill B, or the Senior Housing Income Tax Credit Extension:For tax years 2025 and 2026, the bill would extend a refundable income tax credit for senior taxpayers over the age of 65 with incomes up ...
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
But in a 5-4 decision the following year, the state Supreme Court struck it down, ruling that a tax on income was a tax on property — and the state Constitution says property taxes must be ...
In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income tax calculations. Forty-one states, the District of Columbia, and many localities in the United States impose an income tax on individuals.
What Trump is promising is a complete extension of the cuts for individuals of all income levels, included in his 2017 Tax Cuts and Jobs Act, alongside a dizzying array of additional promises from ...
The northwestern U.S. state of Washington's economy grew 3.7% in 2016, nearly two and a half times the national rate. Average income per head in 2009 was $41,751, 12th among states of the U.S. The United States' largest concentration of STEM (science, technology, engineering and math) workers reside in Washington state. The state has a large ...