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Washington just signed a 9.9% income tax on household earnings above $1 million, effective January 1, 2028. Here's what founders, investors, and high earners need to know — including QSBS planning, the marriage penalty, exit timing, and the constitutional fight ahead.
Washington State introduced a capital‑gains tax in 2021, triggering immediate interest (and litigation) among founders, investors and tax professionals.
Founders often ask whether a Section 1202 Qualified Small Business Stock (QSBS) attestation letter is legally required.
I’m sharing this because the Washington capital-gains tax conversation just took a turn that founders, early employees, and investors cannot ignore as they think about exits, liquidity timing, and...
Washington SB 6229 would have raised Washington’s million-dollar tax to 9.9% and changed QSBS (Section 1202) treatment—what it would have done (and why it didn’t pass).
If you're a founder, investor, or startup advisor eyeing a 2026+ exit, the One Big Beautiful Bill Act (OBBBA) just made QSBS (Qualified Small Business Stock under Section 1202) even more powerful:...
Founders and early investors often assume that if they miss the five‑year QSBS holding period, the Section 1202 exclusion is simply lost.
Washington’s capital-gains tax is no longer speculative: after court challenges, the 7 % tax on long‑term capital gains over $262,500 (2026 threshold; adjusted annually) is firmly in place.
2025 has already brought several noteworthy changes to U.S. tax and corporate law that will affect tech founders, early‑stage employees and investors.
Can You Exercise a Stock Option With a Nonrecourse Note and Start Your QSBS Holding Period?
