Proposed 2% capital gains tax could spur wealth exodus

A proposed capital gains tax in Seattle draws mixed response from tech leaders and city lawmakers
The new proposal comes as the City of Seattle is hashing out its 2025-2026 budget, with Mayor Bruce Harrell calling for $8.3 billion in spending. That includes a $270 million hole in the city’s general fund, which helps pay for public safety, administration, education and human services, arts and culture, and other programs.
Seattle city economists: Proposed 2% capital gains tax could spur wealth exodus
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,
Seattle's capital gains tax appears unlikely to pass
Washington State voters showed broad support for the State’s Capital Gains tax thi. But the idea for a much smaller city version in Seattle is struggling to stay alive. A crucial vote is scheduled for Thursday.
Opinion
Seattle City Council should reject new capital gains tax proposal
The Seattle City Council should reject an out-of-the-blue amendment in the middle of budget negotiations to implement a new capital gains tax.
A proposed capital gains tax in Seattle draws mixed response from tech leaders and lawmakers
Members of the Seattle City Council’s Select Budget Committee on Wednesday debated a newly proposed 2% capital gains tax to support food and housing programs for the city’s low- and middle-income residents.
I'm Selling My House and Netting $435,000. Do I Have to Worry About Capital Gains Taxes?
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Capital gains tax hikes ‘entirely off the table' under President-elect Trump, Republican Congress, economist says
Higher capital gains taxes are unlikely under President-elect Donald Trump and a Republican-controlled Congress, experts say.
No Capital Gains On Bitcoin – A Good Idea?
The question of whether Bitcoin and other cryptocurrencies should be subject to capital gains taxation has been bandied about for years, but has found renewed ...
How is capital gains tax charged on the sale of financial assets including equity, mutual funds and debt? An explainer
In July this year, the entire capital gains tax rate structure was revamped. From the rate of tax to the exemption limit, the ...
Farmers forced to sell land for roads and HS2 to receive less after capital gains tax raid
Landowners given compulsory purchase orders to be hit harder after Rachel Reeves’s Budget almost doubles basic rate ...
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MoneySense at the MoneyShow: Capital gains and ETF sessions
MoneySense is pleased invite readers to two virtual MoneyShow conferences: Commercial Real Estate for the Private ...
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How capital gains tax works: The rates you pay - and how to cut your bill
Capital gains tax is levied on profits from assets ranging from shares to second homes, buy-to-let properties and personal possessions. The rates for stocks and shares gains were hiked in the ...
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What Is Capital Gains Tax?
Long-term capital gains are taxed lower than short-term if held over a year. State tax laws vary; some states offer breaks on long-term gains. Strategies to reduce taxes include holding stocks ...
Disney gains after the entertainment segment headlines the overall profit improvement
The Walt Disney Company (NYSE:DIS) edged higher in early reaction to the company's FQ4 earnings report. Revenue growth of 6.3 ...