Capital Gains Tax Resources
In 2021, Washington’s legislature passed the capital gains tax – which has brought in nearly $900 million for child care and education in its first year!
The capital gains tax is a huge step forward for Washington. It’s a step toward making sure the super-rich pay what they owe in taxes, so that our families and communities have the resources we need for financial wellbeing.
We’re proud of the capital gains tax, and we’re proud of every Washingtonian across the state who worked hard to make this step toward tax justice a reality. Small businesses, community organizations, unions, and individuals came together – first to advocate for the capital gains tax, and then to defend it in Washington’s courts.
To learn more about the capital gains tax, public support, legal battles, and the State Supreme Court ruling, use the resources below!
THE CAPITAL GAINS TAX: FACTS AND IMPACT
Fact Sheet: Budget & Policy Center
How does the capital gains tax support our communities?
Impact by County
The Capital Gains Tax: Statewide Data
CAPITAL GAINS TAX: STATE SUPREME COURT
STATE SUPREME COURT LEGAL RESOURCES
State Reply
(October 2022)
State’s reply brief
Intervenor Reply
(October 2022)
Intervenor’s reply brief
Tax & Working Families Amicus Brief
(December 2022)
Washingtonians likely to pay the capital gains tax join workers and parents in support of the new law because it will help all Washingtonians
Tax & Constitutional Law Professor Amicus Brief
(December 2022)
Several tax and constitutional law experts explain that the lower court was wrong in calling the capital gains tax a property tax. Based on significant tax law precedent, it is clearly an excise tax
Racial Equity Group Amicus Brief
(December 2022)
Prominent nonprofit and research organizations lay out how the capital gains tax is a critical policy tool to undo some of the racial injustice built into our state tax code
Rural Business Owners & Educators Amicus Brief
(December 2022)
Rural business owners, educators, child advocates, and an economist show how the education and childcare programs funded by the capital gains tax will help Washington’s rural economies and families
State Reply
(January 2023)
State’s answer to Amici
Intervenor Reply
(January 2023)
Intervenor’s answer to Amici
State Supreme Court Opinion
(March 2023)
Washington State Supreme Court Ruling in Favor of the Capital Gains Tax
STATE SUPREME COURT MEDIA COVERAGE
State Reply
(October 2022)
State’s reply brief
Intervenor Reply
(October 2022)
Intervenor’s reply brief
Tax & Working Families Amicus Brief
(December 2022)
Washingtonians likely to pay the capital gains tax join workers and parents in support of the new law because it will help all Washingtonians
Tax & Constitutional Law Professor Amicus Brief
(December 2022)
Several tax and constitutional law experts explain that the lower court was wrong in calling the capital gains tax a property tax. Based on significant tax law precedent, it is clearly an excise tax
Racial Equity Group Amicus Brief
(December 2022)
Prominent nonprofit and research organizations lay out how the capital gains tax is a critical policy tool to undo some of the racial injustice built into our state tax code
Rural Business Owners & Educators Amicus Brief
(December 2022)
Rural business owners, educators, child advocates, and an economist show how the education and childcare programs funded by the capital gains tax will help Washington’s rural economies and families
State Reply
(January 2023)
State’s answer to Amici
Intervenor Reply
(January 2023)
Intervenor’s answer to Amici
State Supreme Court Opinion
(March 2023)
Washington State Supreme Court Ruling in Favor of the Capital Gains Tax
THE CAPITAL GAINS TAX: FACTS AND IMPACT
How does the capital gains tax support our communities?
The Capital Gains Tax: Statewide Data
CAPITAL GAINS TAX: STATE SUPREME COURT
STATE SUPREME COURT LEGAL RESOURCES
State Reply
October 2022
State’s reply brief
Intervenor Reply
October 2022
Intervenor’s reply brief
Taxpayer & Working Families Amicus Brief
December 2022
Washingtonians likely to pay the capital gains tax join workers and parents in support of the new law because it will help all Washingtonians
Tax & Constitutional Law Professor Amicus Brief
December 2022
Several tax and constitutional law experts explain that the lower court was wrong in calling the capital gains tax a property tax. Based on significant tax law precedent, it is clearly an excise tax
Racial Equity Group Amicus Brief
December 2022
Prominent nonprofit and research organizations lay out how the capital gains tax is a critical policy tool to undo some of the racial injustice built into our state tax code
Rural Business Owners & Educators Amicus Brief
December 2022
Yakima Herald
June 2022
Seattle’s Child
November 2022
Everett Herald
November 2022
Rural business owners, educators, child advocates, and an economist show how the education and childcare programs funded by the capital gains tax will help Washington’s rural economies and families
Intervenor’s answer to Amici
Washington State Supreme Court Ruling in Favor of the Capital Gains Tax
STATE SUPREME COURT MEDIA COVERAGE
Guest column: Washington state needs a more just tax code
WA Supreme Court Accepts Direct Review of Capital Gains Lawsuit; $500 Million/Year for Students On The Line
WA Supreme Court Hearing Set For Capital Gains Lawsuit
Despite Delay Tactics, Super-Rich Should Be Paying What They Owe in Capital Gains Taxes
Why Washington needs a capital gains tax
Comment: Capital gains tax will give back to kids, families
Intervenor Reply
January 2023
State Reply
January 2023
State’s answer to Amici
State Supreme Court Opinion
March 2023
Press Release
July 2022
Press Release
October 2022
Press Release
November 2022
CAPITAL GAINS TAX: DOUGLAS COUNTY COURT
DOUGLAS COUNTY COURT LEGAL RESOURCES
Amicus Brief
December 2021
Eastern Washington Leaders Amicus Brief
County Court Ruling
March 2022
WA Douglas County Court Ruling for Millionaire Plaintiffs
Press Release
July 2021
DOUGLAS COUNTY COURT MEDIA COVERAGE
WA Parents, Teachers, and a School District Asking To Join In Defending Education Funding
Opinion: Capital gains tax a step toward equity
These community leaders in Central WA say revenue from capital gains tax is needed
Trial Court Sides With The Super Rich, Ignores Public Support For Funding Childcare, Education By Taxing The Super Rich
Seattle’s Child
January 2022
Tri-City Herald
February 2022
Press Release
March 2022
More about Invest in Washington Now
Invest Washington Now is a movement of activists, educators, working families, and everyday Washingtonians advocating for a fair and just tax code. Our work has been made powerful by the people who have shown up, day after day, to work for a fair tax system.
Looking to dig in more? Learn more about us here, or check out what’s in the news. Have a question? You can always send us a message. Thanks for joining the fight for a fair and just tax code!
