Summary: Washington State Supreme Court overturned Quinn v. WA, which was filed by millionaires attempting to give themselves a tax cut. Quinn would have eliminated more than $500 million per year in education funding raised from a 7% capital gains tax on extraordinary profits from stock sales exceeding $250,000 annually.
WA Supreme Court Opinion Validating Capital Gains Tax
Summary: A trial court in Douglas County ruled in favor of the millionaires behind Quinn v. WA.
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