Up Front Extra: A new state capital gains tax?

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by Robert Mak

KING5.com

Posted on February 9, 2012 at 4:01 PM

Updated Thursday, Feb 9 at 5:35 PM

State Senator Ed Murray (D-Seattle) talks about his proposal to start a state capital gains tax to raise money for education.  It would be a five-percent tax on investment profits above $5,000 a year for individuals and $10,000 for couples, as well as real estate profits over $250,000 on your primary residence.

 

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