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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883

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News >  Washington

WA’s new capital gains tax brings in far more than expected

UPDATED: Fri., May 26, 2023

May 26—OLYMPIA — Early figures suggest Washington could bring in $849 million in its first year of collecting the state's new capital gains tax, potentially sending hundreds of millions more than expected to schools across the state. State lawmakers passed the 7% tax on the sale or exchange of stocks, bonds and certain other assets above $250,000 in 2021. It has faced legal challenges, but got ...

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