The Washington Supreme Court is deciding the future of the capital gains tax targeting the wealthy that legislators enacted in 2021.
Justices heard arguments on the tax Thursday.
“We have a responsibility to pay this tax and I’m so excited to see a state where we have the resources that are a result of this tax,” Chen said.Part of the argument before the Supreme Court focused on what triggers the tax. “You can own limitless stocks or bonds in any given year without owing this tax, it’s only if you sell them,” Washington Solicitor General Noah Purcell told the justices.
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