Washington State needs a CAPITAL GAINS TAX! Jeff Bezos is depriving WA from revenue we need!
On August 7, 2019, I received information from the advocacy group “Balance Our Tax Code” (www.balanceourtaxcode.com). They reported that Jeff Bezos, the founder and major stockholder of Amazon, had just sold $1.8 BILLION worth of Amazon stock. He has to pay a modest amount of federal taxes, but — because Washington State does NOT have a capital gains tax. Washington State has THE MOST REGRESSIVE tax system of any state in the U.S. We are one of only nine states that do NOT have capital gains tax and we are one of very few states that do NOT have an […]