Washington’s Millionaires’ Tax Reaches Profits You Never Received
The tax follows the allocation, not the cash. Washington’s income tax can reach business profits an owner never received—and that deserves a plain warning in the voters’ pamphlet.
5 posts with this tag
Before 2028
Does IP26-645 Repeal Washington’s Capital Gains Tax? What the Text Says
IP26-645 expressly repeals the new income tax. Its broader prohibition raises a separate question about Washington’s capital gains tax.
The Four Days That Saved Julian Robertson $26.7 Million
The Robertson residency dispute illustrates why day counts and supporting evidence deserve attention when planning a move.
You Bought a SAFE. Who's Protecting Your QSBS?
A SAFE side letter can provide QSBS information rights and annual factual certifications. It cannot settle the SAFE’s tax classification or guarantee a Section 1202 exclusion.
Does Washington Have a State Income Tax? The 2028 Rules
Washington’s enacted 2028 income tax: the 9.9% rate, shared $1 million deduction, capital gains credit, retirement income and simple tax examples.