For Passing A Capital Gains Tax On The Super Rich's Extraordinary Stock Profits

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What you should know...

WHAT: We did it! Our state legislators in Olympia listened to us, and they just approved final passage of a historic capital gains tax on the super rich to boost childcare and early learning for all communities.

By passing this modest tax on the enormous stock market profits of the top 0.2% of Washingtonians, we’re on our way. We still have a lot more to do to make sure those who’ve done well in Washington do well by Washington.

THE PROBLEM: Washington is the worst in the nation when it comes to making millionaires and billionaires pay their share like the rest of us.

Almost every other state in the nation – including Idaho, Montana, and Oregon – taxes capital gains, and are better situated to help their states’ economies recover from this pandemic.

As passed, SB 5096 would:

  • add a 7% tax on high-end capital gains – such as sales of stocks and bonds – only on profits greater than $250,000 
  • raise more than $500 million annually for child care, early learning, and other education programs.
  • would NOT impact 99.8% of Washingtonians.


SB 5096 would NOT apply to gains from the sales of assets from:

  • retirement accounts,
  • small businesses,
  • residential real estate, or
  • farmland, timber, or livestock.

Learn more about taxes on capital gains.

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