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The majority of the money brought in under the capital gains tax comes from King County, with about 84% of all net payments coming from King County residents. [26] The tax has been paid by a total of 3,354 individuals, with the top 10 tax payers comprising 56% of the total amount of taxes paid to date. [26] The state Office of Financial ...
The tax collected more than $890 million in revenue in its first year, [23] significantly exceeding the approximately $500 million in revenue initially projected. [24] The Department of Revenue projects the tax will bring in over $5 billion over the next 6 years. [25] Fewer than 4000 people pay the tax, [3] and 85% of the revenue comes from ...
King County is a county located in the U.S. state of Washington.The population was 2,269,675 in the 2020 census, [1] making it the most populous county in Washington, and the 12th-most populous in the United States.
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[78] [79] King County Metro is the sole metropolitan county transit agency in Washington and is authorized by the state legislature to collect a sales tax of 0.9 percent across King County. [80] [81] Prior to the 1999 approval of Initiative 695, the agency also collected a motor vehicle excise tax from the state government. [82]
Initiative 920 (I-920) was a highly controversial campaign to repeal the estate tax in the U.S. state of Washington. Washington state law directs that revenues collected from the estate tax be placed into the Education Legacy Trust account, which funds financial aid for higher education.
Kirkland is a city in King County, Washington, United States.A suburb east of Seattle, its population was 92,175 in the 2020 U.S. census [5] which made it the sixth largest city in King County and the twelfth largest city in the state of Washington.
On July 1, 1975, Governor Daniel J. Evans signed Engrossed Substitute Senate Bill No. 2280 into law, creating the PTBA. [8] The bill had been proposed by the Snohomish County Transportation Authority (SNO-TRAN), who would later use the legislation to establish the state's first PTBA, the Snohomish County Public Transportation Benefit Area Corporation, later renamed Community Transit, in ...