Seattle city economists: Proposed 2% capital gains tax could spur wealth exodus
Thursday, November 14th 2024, 12:50:02 pm
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(The Center Square) – Seattle officials worry that implementing a local capital gains tax would coax wealthy residents to change their home addresses. Seattle City Councilmember Cathy Moore is proposing a local 2% capital gains excise tax that would be applicable to non-retirement financial gains over $250,000. However, the tax is based on where a taxpayer's permanent
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