As a Washington resident, I think this is great. WA has one of the most regressive tax systems in the country, and this is a move in the right direction.
It's crafted to have a very narrow impact. It is capital gains, but essentially only for stock sales, and only for stocks sales over a quarter million dollars. If someone sells half a million dollars worth of stock, it seems very fair the state gets some cut of that - especially if it's earmarked for childhood education.
I can only hope I'm successful enough to one day pay this tax.
It's crafted to have a very narrow impact. It is capital gains, but essentially only for stock sales, and only for stocks sales over a quarter million dollars. If someone sells half a million dollars worth of stock, it seems very fair the state gets some cut of that - especially if it's earmarked for childhood education.
I can only hope I'm successful enough to one day pay this tax.