Washington's Income Tax Bill Just Dropped | Ryan Frost скачать в хорошем качестве

Washington's Income Tax Bill Just Dropped | Ryan Frost

Washington Policy On The Go is WPC's bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. In this video, Tax & Budget Director Ryan Frost talks about the income tax bill that just surfaced today, and why it would be such a harmful policy for Washington state. If you find our videos useful, consider making a donation! We receive government funds nor make ad or sponsor revenue from our videos and rely on generous contributions from individuals like you! Donations to WPC are tax-deductible as allowed by law. Consider supporting us at https://washingtonpolicy.org/giveyt/ 00:00 - Introduction 00:30 - What’s missing: no meaningful tax relief 02:13 - Who gets hit “right now” and why thresholds won’t hold 02:51 - Rate and what counts as income 03:12 - Business impact and how it applies to business income 04:46 - Revenue estimates vs ongoing deficits 06:30 - Real estate / REET credit question 07:04 - B&O double-tax concern + credit limits 07:29 - Repeal mechanics and constitutional challenge 12:02 - “Accountability” for taxes/spending + business flight argument 14:00 - Residency/nonresident issues + NIL/athlete income mention 14:59 - Capital gains rate change context + thresholds can drop 16:30 - “Fungible” deals 19:35 - Effective date + when people would pay 21:43 - Admin/fiscal note + hearing timeline 29:14 - What taxpayers can do + Take Action page mention 39:40 - Where the money goes SB 6346, to create a state income tax: https://app.leg.wa.gov/billsummary/?B... Visit our homepage for the latest Washington news: https://washingtonpolicy.org Sign up for our FREE newsletter: https://washingtonpolicy.org/signup Follow us on our social platforms! Facebook: / washington.policy.center | X: https://x.com/wapolicycenter | Instagram: / washingtonpolicy | TikTok: / washingtonpolicy