Recent comments in /f/Washington
[deleted] t1_jdn3nmn wrote
Reply to comment by [deleted] in Washington Supreme Court upholds new capital gains tax by Bozzooo
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LiveNet2723 t1_jdn20h1 wrote
US Citizens may enter Canada without a passport if they have what the Canada Border Services terms "acceptable identification."
jrodicus100 t1_jdn0hn2 wrote
Reply to comment by Competitive-Bit5659 in Washington Supreme Court upholds new capital gains tax by Bozzooo
Yeah you’re not wrong. Like most of those taxes aimed at the rich, they really only affect the upper middle class - the rich still avoid them completely with their armies of lawyers and accountants.
Everyone wants a fair and no -regressive tax, but this is just another kind of regressive tax that further divides the wealthy from the middle class.
[deleted] t1_jdmzymg wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
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manos_de_pietro t1_jdmzgeh wrote
We saw rain in the forecast for Hood River and didn't go (from Vancouver). Sadness
French___toasted t1_jdmtdkr wrote
Great shot!
AvoidantBoba t1_jdmrgo8 wrote
Reply to comment by Fit_Opinion4678 in Anyone know of any good Tattoo artists who specialise in anime style tattoos? by [deleted]
Yeah so so talented! I’ve gotten a piece by the other artist in the shop (Dawn - she’s also incredible!) and it’s really good energy there. Highly recommend.
[deleted] OP t1_jdmr8ze wrote
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Fit_Opinion4678 t1_jdmp7iz wrote
Reply to comment by AvoidantBoba in Anyone know of any good Tattoo artists who specialise in anime style tattoos? by [deleted]
Damn she is good! I like that she does other forms as well, like realism and pinup. That’s sick! thank you! :)
Fit_Opinion4678 t1_jdmoul0 wrote
Reply to comment by itssuspicious in Anyone know of any good Tattoo artists who specialise in anime style tattoos? by [deleted]
Oh he was!
His favourite thing was wearing bowties lol. He used to get super excited when I would dapper him up (so we could go visit family haha). He also had a white chest, which is very rare for Goldens to have, so the name just seemed extra fitting.
Obtersus t1_jdmnwre wrote
Reply to comment by sarhoshamiral in Washington Supreme Court upholds new capital gains tax by Bozzooo
>we shouldn't have any laws or taxes
Yes.
[deleted] t1_jdmmqlq wrote
Reply to comment by TormentedTopiary in Washington Supreme Court upholds new capital gains tax by Bozzooo
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[deleted] OP t1_jdmm3oo wrote
Reply to comment by Neftali710 in The northern lights seen near white salmon WA last night by [deleted]
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wyecoyote2 t1_jdml9i2 wrote
Reply to comment by [deleted] in Washington Supreme Court upholds new capital gains tax by Bozzooo
Don't feed the trolls.
Unique_Engineering_3 t1_jdmkwsg wrote
Reply to comment by Jetlaggedz8 in Washington Supreme Court upholds new capital gains tax by Bozzooo
> The original bill that imposes the state excise tax on capital gains which you support uses the same language. "Federal" is used extensively. https://app.leg.wa.gov/billsummary?BillNumber=5096&Initiative=false&Year=2021
> The state imposes its capital gains tax using the amount of capital gains reported on the federal income tax return. The state then allows certain additional deductions or exclusions. That's why there are references to the federal capital gains tax, it's the starting point for computing whether you need to file a state return.
> Your proof is right here: 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.
> The capital gains tax return is the WA state excise tax return, and the Department is the WA state Department of Revenue. The WA State legislature has no authority over federal capital gains taxes.
> This draft bill lowers the threshold from $250K to $15K.
You’re conflating two different issues:
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The state capital gains that was just upheld by the SC of WA. And
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The proposed health care accounts that get funding through wages—and yes, capital gains are factored into the liability for how much that income level is.
To be clear:
Your allegation that the capital gains tax is being lowered to the point that regular citizens in WA have to worry about it is not supported by your pasted section.
CircuitDeer t1_jdmkrof wrote
So beautiful. I miss Washington.
Jetlaggedz8 t1_jdmk5yv wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
The original bill that imposes the state excise tax on capital gains which you support uses the same language. "Federal" is used extensively. https://app.leg.wa.gov/billsummary?BillNumber=5096&Initiative=false&Year=2021
The state imposes its capital gains tax using the amount of capital gains reported on the federal income tax return. The state then allows certain additional deductions or exclusions. That's why there are references to the federal capital gains tax, it's the starting point for computing whether you need to file a state return.
Your proof is right here: 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.
The capital gains tax return is the WA state excise tax return, and the Department is the WA state Department of Revenue. The WA State legislature has no authority over federal capital gains taxes.
This draft bill lowers the threshold from $250K to $15K.
walkinguphills OP t1_jdmk5n2 wrote
Reply to comment by Delirious_Damsel in Spring snow on the Skykomish this morning. by walkinguphills
No edits! Just the light trying to fight the dark on a cold early morning. It's a good day when our eyes happen to catch the beautiful stuff going by!
wyecoyote2 t1_jdmjpvk wrote
Reply to comment by just-cuz-i in Washington Supreme Court upholds new capital gains tax by Bozzooo
The easiest way is simply take a loan against the stock. Now you do not pay a tax as there is no sale. In the end do a 1031 tax exchange for out of state property or retire out of state. Then no tax paid.
Unique_Engineering_3 t1_jdmjd8x wrote
Reply to comment by wyecoyote2 in Washington Supreme Court upholds new capital gains tax by Bozzooo
Right?! Their accountants and lawyers will point out plenty of legal ways to help their clients lower or avoid the additional tax liability. It’s not like people with $250k/yr in capital gains don’t have resources for specialized assistance.
wyecoyote2 t1_jdmjai6 wrote
Reply to comment by Old-AF in Washington Supreme Court upholds new capital gains tax by Bozzooo
So it will join the lottery money, the alcohol and tobacco taxes, the Marijuana taxes all for the schools. Man the schools must be so well provided for there is no shortage of money with all the taxes going to the schools.
wyecoyote2 t1_jdmitq9 wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
I'm sure if you are making that a year on the sale of stock. You will simply take a loan on the stock and not pay a tax.
[deleted] t1_jdmipf2 wrote
Reply to comment by [deleted] in Washington Supreme Court upholds new capital gains tax by Bozzooo
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Unique_Engineering_3 t1_jdmgwgv wrote
Reply to comment by Jetlaggedz8 in Washington Supreme Court upholds new capital gains tax by Bozzooo
I saw that people that have FEDERAL capital gains exposure submit information.
You’ll have to point out not the volume of times that “capital gains” is mentioned but the nexus between your linked bill and the lowering of the STATE capital gains limit that is being discussed.
I’m happy to let you be the smart guy here, please show me in the bill where your allegation is supported. As it is right now it simply looks like you’re conflating two separate issues. Please, prove me wrong.
BostonFoliage t1_jdn4yxe wrote
Reply to comment by Unique_Engineering_3 in Washington Supreme Court upholds new capital gains tax by Bozzooo
I hope you're right boss.