Seattle Weighs Another Washington Capital Gains Tax

A capital gains tax in Seattle could gain support. Meanwhile, gas prices in Washington state recently rose above California's gas prices.

Seattle Washington cityscape for capital gains gas story
(Image credit: Getty Images)

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. 

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Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.