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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.
Seattle City Councilmember Cathy Moore is proposing a local 2% capital gains excise tax that would be applicable to non-retirement financial gains over $250,000. ... Real estate sales are also ...
Council Bill 120908 would have imposed a local 2% capital gains excise tax applicable to non-retirement financial gains over $250,000 if approved by the city council. ... Seattle City ...
According to a Congressional Liaison for the IRS, if the capital gains tax is upheld as an “excise tax,” taxpayers may be prevented from deducting it against their federal income tax returns.
Seattle Housing Authority is an independent public corporation in the city of Seattle, Washington, responsible for public housing for low-income, elderly, and disabled residents. SHA serves more than 25,500 people, just under a third of whom are children, through around 5,200 HUD units, 1,000 units for the elderly and disabled, and 800 ...
Common Ground is a nonprofit affordable housing developer in Seattle, Washington.Its primary goal is creating and preserving high-quality permanent and transitional housing for the homeless; it now also includes nonprofit facilities other than housing, such as community centers and medical buildings.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
“The project will consist of 184 multi-family senior housing units and about 5,000 square feet of commercial space.” The address for the proposed site is 8411 27th St. W.