Wish I remembered do you think itll be visible tonight as well?

I really hope this isn’t edited. I’ve been looking for the blue morning light for years! I saw it once with my mom and have never seen it again.

Damn, you gotta go post this while I’m at work!!! Enjoy it fellow river goer.

Do yourself a favor and open the health care bill that you linked and read it (since you haven't). Or save yourself some time and search through it for "capital gain". The funding mechanism for the bill is as an expansion of the capital gains tax. You are so quick to try and win an internet argument and dunk on me but I've done my research and actually know what I'm talking about, you clearly read the title of the bill only.

"Capital gain" is mentioned in the bill that has "nothing" to do with capital gains 34 times. 🤣

This biennium legislative cycle will pick up again next year, this bill wasn't moving because the state legislature was waiting for the WA State Court's opinion. They didn't want to pass this if the bottom falls out of the capital gains tax. Now that this opinion has been published, they are free to push this through.

Good morning to you, too fellow fern folk!

Good morning neighbor! Just looked out my window to this view.

“That means you don’t get paid leave down the road if you need it though”

Honest question, are they charging you for the benefit of paid leave now? I get paid leave through my employer without an extra tax just through my sick days. If I happen to exhaust those, I get 40 extra sick days through their sick leave bank (I’m a member at a cost of 1 sick day a year). If I exhaust those, my private short term leave insurance kicks in which is much, much cheaper than the tax they are imposing for this benefit.

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I’m considering moving to WA, so this is something to consider. This and the 2035 gas vehicle ban.

In my current state I earn 50k as a teacher. I am a member of a sick leave bank benefit which grants me sick days that I may not have at the time I need them. I gave up 2 sick days when I enrolled and I give up one sick day a year to be a member.

I recently had surgery and I was out for 12 weeks. The sick leave bank and my existing sick days covered my entire FMLA. I pay into short term disability just in case through my medical insurance and I didn’t even have to use it. The short term disability I pay for is $265/yr.

At the .08 premium of the PFML tax I’d have to pay $400 a year. That’s not the best deal. Especially since teachers are also offered a sick leave bank benefit in Washington. So they are paying extra for a benefit they are already offered at a much cheaper cost.

How late did you have to stay up? Totally forgot about this!

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Given how much Washingtonians hate small businesses, I’m surprised there weren’t more downvotes. Lol

Very happily surprised by the court's decision. Making the state's tax code more fair and funding early education and childcare? Win-win!

Yep. Reddit people don’t care about logic tho so you will be downvoted…. Just like how the new gun laws won’t be followed by criminals…. Law abiding people will again have their rights stripped to keep wealthy Seattle folks “feeling safe”… who live in gated communities with well funded PDs….

Every tax group/gov in the world says capital gains are income….. WA state basically just bucked common sense so they could ram through this tax. Much like how they ignore the Bruen decision on their gun laws….. WA state has been 1 party run so long there are 0 checks and balances on what the gov can do…. People keep voting for the dems tho so what can you do ….

That’s interesting. Aside from where you stand, I don’t see how selling capital gains is not an income. Investments sole purpose is to generate more money off your money… so how is money generated not considered income.

Yea, thanks. I've pivoted again to maybe Port Orchard. Wary of traffic along the coast, and the houses are a little.more.affordablenat PO. Crime is actually a little lower than most nearby areas, about the same as Gig and University Place, and they also have good schools. What ainreally like is the elevation and trees in that area. I'm work from home so I can kind of pick the best place, and based on what I see available, prices, crime and schools I think that's our new focal point. Also read it stays cooler in the summer during hot spells because of the surrounding water, another plus. Not too sure about shopping and food, but seems big enough. Thoughts on that area?

You can simp for the billionaires all you want; but they aren't going to invite you to join their club.

You have more in common with a homeless person wondering if they're going to get swept from their campsite than you do with Bill Gates or Jeff Bezos. But you're ashamed of the fact that you are that weak in society.

Capital Gains taxes are pretty simple.

Capital gains is just a fancy way to say "profit" when you're talking about stocks. It's the amount that some asset increases since you bought it. It's only calculated when you sell the asset. So if you buy something for $10, and sell it for $100, your "capital gains" is $90.

The Washington law taxes capital gains, but only amounts over $250,000, at 7%.

The Washington Supreme Court decdied that the capital gains tax law as an "excise tax".

An excise tax is one that is often levied on some some good, or activity. Cigarettes and alcohol are often subject to additional excise taxes, for example. Gasoline is another common item subject to excise taxes.

So, along with cigarettes, gasoline, alcohol, and some other things, capital gains are also subject to an excise tax.

I think I may have found the correct orders. Actually she does have two sets of orders for some odd reason. The one I sent to PFML just had California and did not say anything about going to Africa.

While I was thinking, I remember she did send me some orders last year on Whatsapp that actually had her overseas travel. I didnt know there was a difference in them as military orders are bot the easiest things to read, lol.

Anyways, even though her orders just to California should have been enough, as they were back in 2021, four times, I added her overseas orders the application and wrote them an explanation of what they say and where to find the information they need to approve the PFML.

Hey OP I know I’m a day late, but I’m actually a Realtor based out of Olympia. If you’d like to chat about the areas between here and there, feel free to DM me, I’d be happy to tell it to you straight firsthand about buying here.

So far no one on this thread actually explained how this tax works. ie in what case would I be taxed due to this vs how it was before?

Edit: answering my own q after some research - cap gains over 250k would be taxed at 7%. examples:

1. 249k of gains would have no tax
2. 250100 would have 7 dollar of tax (7% of 100 which is over the 250k limit)

I think it would be good if every public school member has to learn greetings in Salish. Fail them out if they can’t pronounce it right.

> I see you have tons of glib comments on here about this, it’s quite funny how you laugh at peoples opinions but never seem to answer questions.

> Must be nice to have nothing in this world to hold on to.

> That being. Said my wife and I do get close to the 250K in stock options a year. I’m not so worried about paying 7% on that, but I’d be more worried that they’d drop below that and now start working on income taxes. You of course, have a smooth brain and just post glib comments so we know you aren’t worried.

Your sad ad hominem commentary aside, it’s too bad you don’t have access to the internet.

If you did you would know that you’re still WAY BELOW the threshold despite doing great financially, u/Peanut09274.

“There are several deductions and exemptions available that may reduce the taxable amount of long-term gains, including an annual standard deduction of $250,000 per individual.”

So it looks like you’re going to need to more than double your tax exposure before you have to get your accountants and lawyers involved.

Edit to add:

You don’t have to worry about the $250k/yr EACH being less due to inflation because this limit is adjusted for inflation—and doesn’t include selling a family business.

“A standard deduction of $250,000 per year per individual, married couple, or domestic partnership. This amount is adjusted for inflation annually.”

“The long-term capital gain from an individual’s sale of all or substantially all of a qualified family-owned small business.”

> Section 309 “NEW SECTION. Sec. 309. PERSONS REQUIRED TO FILE A STATE RETURN. 33 (1) Only individual and joint taxpayers with federal net long-term 34 capital gains or net earnings from self-employment of sole 35 proprietors in excess of $15,000 on their federal tax return are 36 required to file a capital gains tax return with the department..”

Do you understand the difference between FEDERAL taxes and STATE taxes? 🤷‍♂️

The current law at the WASC has a $250k/yr+ trigger for STATE taxes. Your section above does not counter that.

The bill you linked and cited is all about healthcare—it has f✨k all to do with the STATE capital gains tax that is being discussed.

Some rich guy’s PR team is doing a great job of getting the people that won’t pay the capital gains scared of this tax though.