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ACTION ALERT WASHINGTON STATE - CAPITAL GAINS TAX PROPOSAL

Posted Thursday, February 22, 2018 by Bill Stauffacher.

OLYMPIA WANTS A NEW CAPITAL GAINS INCOME TAX!

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DO YOU?

Please read & act now on behalf of your business / our industry. Feel free to share this email.

Any additional questions / thoughts contact PPI Executive Director Jules VanSant or PPI Lobbyist Bill Stauffacher – gocougs@billstauffacher.com


House Democrats are proposing a new 7% WASHINGTON STATE capital gains tax.

This new tax would apply to business and personal capital gains that are commonly subject to federal capital gains taxes.


CALL AND E-MAIL your state legislators ASAP and tell them to VOTE NO on a new state capital gains income tax. Tell them:

This is a RETIREMENT tax!

Printers who are nearing retirement – pay attention! Selling your business would be subject to this new 7% tax. Tell legislators that you planned on the sale of your business to fund your retirement. Typical retirement plans would be exempt – but selling your business to fund your retirement would be taxed.

This is the first step toward a STATE INCOME TAX!

Once the state begins collecting your federal capital gains tax information, the state is just one step away for taxing all of your income.

The richest 1% are the target – but small businesses get hammered.

Politicians believe this tax only hits the wealthiest, top 1%. Wrong! Tell them this tax hits people like you who are fall below the richest among us.

HOW DO I FIND MY LEGISLATOR?

Click on the link below, type in your business and personal addresses. Then call and email all legislators who represent you personally and where your business is located.http://app.leg.wa.gov/DistrictFinder/