What to know about WA ballot initiatives: Green energy, capital gains tax, long-term care
Four measures appear on the Nov. 5 ballot in Washington state this year, each one proposing to repeal a recent state law.
Capital Gains Tax Repeal on the Ballot: What to Know
As Kiplinger previously reported, the Washington capital gains tax imposes a 7% levy on profits exceeding $250,000 from the sale of assets, including stocks and bonds. In its first year, the tax generated approximately $786 million in revenue, with collections reaching over $400 million by mid-May 2024.
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget
Rachel Reeves should increase capital gains tax (CGT) at Labour’s upcoming Budget, a group of millionaire business owners have urged, estimating the measure would raise £14bn a year.
UK to raise capital gains tax rate on share sales, Times reports
Britain will increase the rate of capital gains tax payable on sales of shares and other assets in an Oct. 30 budget statement, the Times newspaper reported on Wednesday, saying the increase for share sales was likely to be several percentage points.
Capital Gains Tax Hike Won’t Deter Investment, Quebec Minister Says
Quebec’s finance minister says Canada’s increase to the capital gains inclusion rate is “reasonable” and won’t hamstring investment.
Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget
Rachel Reeves is planning to increase the rate of capital gains tax on shares sales but not on properties such as second homes, it was reported today. The Chancellor will use her Budget to implement a raft of tax raising measures to close a funding gap now estimated at £40 billion a year.
Opinion
Kamala’s Capital Gains Tax Surprise
Now Harris is ready to do for capital gains what she did for the border; turn it into a flaming disaster. Kamala is now proposing to tax unrealized capital gains, which are merely financial gains on paper or on a spreadsheet that have not put an additional nickel into the taxpayer’s pocket.
Opinion
Vote ‘yes’ on I-2109, repeal WA’s capital gains tax
By repealing the capital gains income tax, I-2109 aims to protect small businesses, entrepreneurs and all Washingtonians from a backdoor income tax. If we continue to tax success, we risk losing the very people who help our economy thrive.
Capital gains tax raid will kill investing, Rachel Reeves warned
An increase in capital gains tax (CGT) risks pushing a generation of investors to extinction, Britain’s biggest stockbroker has warned. The Government is thought to be on the verge of raising CGT rates in the Budget as part of a £40bn plan to shore up the public finances,
Reeves expected to focus rise in capital gains tax on share sales
Chancellor Rachel Reeves is likely to target her expected increase in UK capital gains tax on the sale of shares, rather than second homes, according to former Treasury officials. They said the 24 per cent CGT rate for property sales was already set at a level deemed to maximise revenues for the Treasury.
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Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you
Currently, some middle- and high-income people are subject to a tax on realized capital gains, which results when an ...
Capital gains tax will not hit 39%, says minister - but he won’t rule out rise in October Budget
A Treasury minister rebutted claims that capital gains tax could hit 39 per cent but did not rule out a rise in the Budget.
Stock Market Today: Dow Gains on Strong September Retail Sales
Taiwan Semiconductor Manufacturing's earnings beat and solid outlook created tailwinds for several chip stocks.
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
The Chancellor told ministers on Monday that plans to fill a £22 billion black hole would be enough only to ‘keep public ...