A recent survey shows that most Seattle voters would support a proposed citywide capital gains tax. If passed, the measure would be similar to an existing, somewhat controversial, statewide capital gains tax in Washington on sales of stocks and bonds over $250,000 in a year.
As Kiplinger reported, revenues for Washington’s capital gains tax have exceeded estimates, bringing in more than $830 million in the first quarter of this year. Meanwhile, late last week, gas prices in Washington state notably surpassed those in California as the most expensive gas in the U.S.
