• kinther@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    1 year ago

    It taxes assets 1% on anything you own over $250 million, per year. If you own $251 million in assets, it would be $10,000 you owe on top of whatever other capital gains.

    Note that Washington state has no income tax, so the state legislature is trying to find a way to bring in more funding for things we need.