Originally posted by: Kevin Lewis
.............It seems like you're conflating income and wealth. I don't know enough about the Washington tax proposal to say definitively which it is that's to be taxed. I would expect that taxing income isn't unconstitutional but taxing wealth is. We'll see how it goes.............
It is an "income" tax. It is a tax of 9.9% on most "income".
The standard deduction is one million dollars per tax return whether it is an individual or joint return.
The background:
The state constitution requires that all taxes be uniform across whatever type of "property" is taxed.
It basically defines property as whatever thing is being taxed.
The State courts have ruled that "income" falls under the Constitutional definition of "property".
The State Supreme Court has ruled that graduated income taxes are unconstitutional.
The voters of Washington have, on several occasions rejected a constitutional amendment to allow for a graduated income tax.
This time they bypassed The constitutional amendment process.
The Legislature also passed it under so-called "emergency provisions" which blocks the citizen referendum process.