Source: ShiftWA.org The local media has blindly accepted the Democrat legislators’ spin of calling its capital gains tax an “excise tax,” and not identifying it as an “income tax” as the IRS, 49 other states, and the rest of mankind do. The Democrats know this is a particularly important distinction, since an “income tax” is unconstitutional in Washington State and an “excise tax” is not. The legislation ( SB 5096 ) was sneaked through the Senate , by a single vote, in a rare Saturday session, and will likely sail through the Democrat-controlled House. Just as certain as Governor Jay Inslee signing any bill that raises taxes, there will certainly be a lawsuit which will eventually require the Washington State Supreme Court to rule on whether or not Inslee’s income tax on capital gains is an unconstitutional income tax. By the local media choosing to ignore the IRS, 49 other states, and common sense that this is an “income tax” and choosing instead to...
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