What to know about WA ballot initiatives: Green energy, capital gains tax, long-term care
Four measures appear on the Nov. 5 ballot in Washington state this year, each one proposing to repeal a recent state law.
Capital Gains Tax Repeal on the Ballot: What to Know
As Kiplinger previously reported, the Washington capital gains tax imposes a 7% levy on profits exceeding $250,000 from the sale of assets, including stocks and bonds. In its first year, the tax generated approximately $786 million in revenue, with collections reaching over $400 million by mid-May 2024.
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget
Rachel Reeves should increase capital gains tax (CGT) at Labour’s upcoming Budget, a group of millionaire business owners have urged, estimating the measure would raise £14bn a year.
Capital Gains Tax Hike Won’t Deter Investment, Quebec Minister Says
Quebec’s finance minister says Canada’s increase to the capital gains inclusion rate is “reasonable” and won’t hamstring investment.
UK to raise capital gains tax rate on share sales, Times reports
Britain will increase the rate of capital gains tax payable on sales of shares and other assets in an Oct. 30 budget statement, the Times newspaper reported on Wednesday, saying the increase for share sales was likely to be several percentage points.
Opinion
Kamala’s Capital Gains Tax Surprise
Now Harris is ready to do for capital gains what she did for the border; turn it into a flaming disaster. Kamala is now proposing to tax unrealized capital gains, which are merely financial gains on paper or on a spreadsheet that have not put an additional nickel into the taxpayer’s pocket.
Capital gains tax must be adapted, says MP
A Labour MP has said capital gains tax needs to be adapted to stop people using housing stock as an investment rather then a home. Dr Simon Opher, the new MP for Stroud, was speaking to Cam based constituent Catherine Morgan,
Opinion
Vote ‘no’ on I-2109, keep WA’s capital gains tax
In 2021, the Legislature took a step toward addressing these problems with the Fair Start for Kids Act, funded in part by the limited capital gains tax on extraordinary profits. The tax funds thousands of subsidized pre-K and child care spots and has funded over 170 school construction projects across the state so far.
Capital gains tax raid will kill investing, Rachel Reeves warned
An increase in capital gains tax (CGT) risks pushing a generation of investors to extinction, Britain’s biggest stockbroker has warned.
Rachel Reeves sparks gold rush ahead of expected Budget tax raid
Rachel Reeves has sparked a rush on gold as wealthy households race to save their money from a tax raid at this month’s Budget. The Royal Mint reported sales of gold coins, which are exempt from capital gains tax,
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Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you
Currently, some middle- and high-income people are subject to a tax on realized capital gains, which results when an ...
Capital gains tax will not hit 39%, says minister - but he won’t rule out rise in October Budget
A Treasury minister rebutted claims that capital gains tax could hit 39 per cent but did not rule out a rise in the Budget.
Stock Market Today: Dow Gains on Strong September Retail Sales
Taiwan Semiconductor Manufacturing's earnings beat and solid outlook created tailwinds for several chip stocks.
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Harris, Trump emphasize tax plans, criticize each other's priorities | Morning in America
Former President Donald Trump and Vice President Kamala Harris are touting their tax plans in hopes that the issue will set them apart in a razor-thin race. Trump has promised tariffs on imports while ...