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[1] [2] The initiative would have repeal SB 5096, which created a 7% capital gains tax on the sale of long-term capital assets (i.e. stocks, bonds and business interests) worth more than $250,000 in Washington state since 2021. Real estate sales are already exempt from the tax. [1] [3]
Bainbridge Island has a seven-member city council. The members are elected to staggered four-year terms and appoint a city manager. [1] Bainbridge Island is a stronghold of the Democratic Party. Jay Inslee, the 23rd governor of Washington, is a local resident, and represented it in Congress from 1999 to 2012.
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Today, the estate tax is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will or according to the state laws of intestacy. The estate tax is one part of the Unified Gift and Estate Tax system in the United States. The other part of the system, the gift tax, imposes a tax on ...
Washington state's sleepy Bainbridge Island probably isn't what J.R.R. Tolkien had in mind when he dreamed up the Hobbit territory of Middle Earth. But it seems to suit resident Chris Whited just ...
Location of Kitsap County in Washington. This is a list of the National Register of Historic Places listings in Kitsap County, Washington. This is intended to be a complete list of the properties and districts on the National Register of Historic Places in Kitsap County, Washington, United States. Latitude and longitude coordinates are provided ...
Although the Fox Island Bridge was initially a toll road when it was built by the Washington Toll Bridge Authority in 1954 and up until 1965, Pierce County road projects have historically been ...