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December 19, 2014

Inslee: capital gains tax would raise $800M

  • The governor wants a 7 percent tax on earnings from the sale of stocks, bonds and other assets above $25,000 for individuals and $50,000 for joint filers.
    • By DONNA GORDON BLANKINSHIP
    Associated Press

    OLYMPIA — Gov. Jay Inslee on Thursday proposed a new capital gains tax to help address a projected state budget gap of more than $2 billion over the next two-year budget cycle.

    A state tax on the sale of stocks, bonds and other assets would raise nearly $800 million during the 2015-17 budget period, Inslee said.


     
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