Submitted by Bozzooo t3_120yder in Washington
Top-Cantaloupe-917 t1_jeaam29 wrote
Reply to comment by ew73 in Washington Supreme Court upholds new capital gains tax by Bozzooo
The WA constitution prohibits an income tax above 1%… capital gains have always considered income but the court wanted the tax to go through so they just decided to call it an excise tax instead. Basically if the constitution outlaws doing something just do that thing but call it something else and your good to go as long as the court agrees with the policy your trying to enact.
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