As one may imagine, the WA state legislature's "millionaire's tax" bill recently signed into law by Gov. Bob Ferguson is getting yuuge pushback by the usual parties, and even the SEA pro football's GM spoke out against it, as he is saying that the tax "may influence new players' willingness" to sign with the team because of tax impact on salaries. Not exactly the type of argument toward which low- and middle-income taxpayers in WA would feel particularly sympathetic, but there you are.
As one of the few states w/o any sort of tax on incomes, WA depends heavily upon regressive sales and "gross receipts" taxes, property taxes, fees, etc., etc., for revenue, and there is a historical "no state income tax" bias in state politics, and it will be revealing to see how various courts rule on the upcoming lawsuits.
I've just looked briefly at the actual statute. There is apparently a million dollar standard deduction, so presumably you can make 2 million before the tax kicks in. And other than standard there are a lot of other deductions.
What worries me is that proceeds from sale of your home, particularly profits, are not mentioned. Are they "income" or not? There are a LOT of WA homes, at least in Seattle, worth well over a million now. WA has no capital gains tax on sale of homes. This could create one. And would "income" include the amount from the sale used to pay off the mortgage?
The tax may not survive court challenge, as it seemingly collides with the WA State Constitution provision prohibiting any "personal income tax" w/o amending the Constitution, so could be short- lived.
When I keep ranting that the problem is sooo much more than just Trump — as in: When he’s out of power, the nation will still be hugely fucked — maybe I’m onto something. There’ll be the Party of Trump, but the hugely complicit national Democrats — see for example all their difficulties criticizing the Iran insanity — as well as the propagandistic establishment media who’ve wholly failed to hold Trump and his party accountable, who refuse to call out wholly harmful lies.
Did any of those Jan 6 "victims" file the necessary claim under the FTCA? If not, how do they hope to get around the bar to suit? Even if they do, the usual statute of limitations is 5 years for most causes of action; that has now passed.
Update: According to the complaint, some did. BUT it looks like each person who wants relief has to file their own Form 95, despite what the complaint argues. A class can't do it. So I guess the class would be anyone who filed a form 95--TIMELY: by Jan 6, 2023. There are people listed who filed a Form 95, but nothing that says when. 46 people have filed the form; of those 11 filed within the past 6 months, apparently.
In the case of agency final action, suit must be filed within 6 month of formal notice of action. In case of agency inaction, no statute of limitations.
If DOJ "settles" this for a big sum, we will know for sure it is deeply corrupt. Not that we didn't know this already
As one may imagine, the WA state legislature's "millionaire's tax" bill recently signed into law by Gov. Bob Ferguson is getting yuuge pushback by the usual parties, and even the SEA pro football's GM spoke out against it, as he is saying that the tax "may influence new players' willingness" to sign with the team because of tax impact on salaries. Not exactly the type of argument toward which low- and middle-income taxpayers in WA would feel particularly sympathetic, but there you are.
As one of the few states w/o any sort of tax on incomes, WA depends heavily upon regressive sales and "gross receipts" taxes, property taxes, fees, etc., etc., for revenue, and there is a historical "no state income tax" bias in state politics, and it will be revealing to see how various courts rule on the upcoming lawsuits.
I've just looked briefly at the actual statute. There is apparently a million dollar standard deduction, so presumably you can make 2 million before the tax kicks in. And other than standard there are a lot of other deductions.
What worries me is that proceeds from sale of your home, particularly profits, are not mentioned. Are they "income" or not? There are a LOT of WA homes, at least in Seattle, worth well over a million now. WA has no capital gains tax on sale of homes. This could create one. And would "income" include the amount from the sale used to pay off the mortgage?
The tax may not survive court challenge, as it seemingly collides with the WA State Constitution provision prohibiting any "personal income tax" w/o amending the Constitution, so could be short- lived.
Maybe the GM is projecting. Pro athletes are often doing things to give back to their communities.
Huh.
When I keep ranting that the problem is sooo much more than just Trump — as in: When he’s out of power, the nation will still be hugely fucked — maybe I’m onto something. There’ll be the Party of Trump, but the hugely complicit national Democrats — see for example all their difficulties criticizing the Iran insanity — as well as the propagandistic establishment media who’ve wholly failed to hold Trump and his party accountable, who refuse to call out wholly harmful lies.
Did any of those Jan 6 "victims" file the necessary claim under the FTCA? If not, how do they hope to get around the bar to suit? Even if they do, the usual statute of limitations is 5 years for most causes of action; that has now passed.
Update: According to the complaint, some did. BUT it looks like each person who wants relief has to file their own Form 95, despite what the complaint argues. A class can't do it. So I guess the class would be anyone who filed a form 95--TIMELY: by Jan 6, 2023. There are people listed who filed a Form 95, but nothing that says when. 46 people have filed the form; of those 11 filed within the past 6 months, apparently.
In the case of agency final action, suit must be filed within 6 month of formal notice of action. In case of agency inaction, no statute of limitations.
If DOJ "settles" this for a big sum, we will know for sure it is deeply corrupt. Not that we didn't know this already
Wait . . . Will we also be exploring how the 2024 election was ACTUALLY stolen ??