SNOHOMISH WASHINGTON NEWSPAPER Tuesday, September 21, 2021   
Snohomish Times News SNOHOMISH WEATHER
Home | Business News | County News | Entertainment | Local News | Photo Gallery | Prep Sports | Roads Traffic News | Snohomish News Archive | STSPN.COM

Death Tax

GS Heating
Published:2021-02-25 State
Death Tax    Print Snohomish Times    
Death Tax

By Paul Guppy
Vice President for Research
Washington Policy Center 

Key findings

1. HB 1465 would increase the rate for Washington’s death tax to as high as 40%.

2. It would give Washington the highest death tax rate in the country, and one of the highest in the world.

3. Only 18 states impose the tax; most states impose no tax on people at the moment of death.

4. The death tax is especially hard on low-income and immigrant families trying to build a business.

5. Sections 7 and 8 of the bill appear designed to target certain racial and ethnic groups in a way that likely violates the Washington Civil Rights Act.

6. The state has no need for a new tax; the current budget is balanced and lawmakers estimate they will receive 7% more revenue in the next budget.

7. Repeal would end the unfair impact of the tax while bringing tax policy in Washington into line with the best practices of other states.


Introduction

Recently the House Finance Committee held a public hearing on HB 1465, a bill to increase the rate for Washington’s death tax to as high as 40%, depending on the size of the estate being taxed. This Legislative Memo presents a brief summary of the bill, reviews concerns regarding the protection of equal rights, and describes the overall negative effect the bill would have on the public interest in Washington State.




Published: Saturday, September 11, 2021
Patriotism is alive in Snohomish Patriotism is alive in Snohomish
The students at the Academy of Snohomish, a private school, have demonstrated their compassion with a tribute to those lost on 9/11.


Published: Thursday, September 09, 2021
Make that seven WA cities with local income tax ban Make that seven WA cities with local income tax ban
Turns out the number of Washington cities with a local income tax ban is now up to seven.


Published: Wednesday, September 08, 2021
Seattle scores a weekend of construction and sports Seattle scores a weekend of construction and sports
Three different closures bring delays, require fans a plan to get to/from Sounders and Mariners games


Published: Friday, August 13, 2021
Patriots standing up to the MACHINE Patriots standing up to the MACHINE
Today in America we face a choice, between the freedom that we were granted by our creator or medical tyranny being handed down from unelected bureaucrats and run away politicians...all in the name of safety


Published: Monday, August 09, 2021
RESIDENTS TO MASK UP INDOORS RESIDENTS TO MASK UP INDOORS
ADDITIONAL DETAILS ON MASKING DIRECTIVE ISSUED FOR SNOHOMISH COUNTY



Traffic Conditions Published: 2021-08-02
Wastewater Treatment Plants Recognized
Published: 2021-07-30
Montlake Bridge
Published: 2021-07-29
Amid police shortage
Published: 2021-07-19
COVID-19 PREVENTION MEASURES REMAIN CRUCIAL
Published: 2021-07-15
Battle Ground considers local income tax ban
Published: 2021-07-15
Snohomish Countys Adopt-a-Road
Published: 2021-07-15
Tax Dollars Are Being Spent

McDaniels

Snohomish Sports Network

Advertisement

SNOHOMISH WEATHER


The Epoch Times

Advertisement

mondotimes
The Worldwide Media Guide

 


SNOHOMISH contact