Soon the Washington state Supreme Court will have the opportunity to help fix Washington’s upside-down tax code by upholding the capital gains tax on the superrich.
As a single mom in Vancouver, it’s unfair that I pay a larger share in taxes than megamillionaires and billionaires, most of whom live in urban areas. The capital gains tax on the superrich will only affect 0.2 percent of Washingtonians, approximately 8,200 of the wealthiest people in the entire state. The rest of the 99.8 percent of us, especially single mothers like me, will benefit from the increased investments in child care and education. I urge the Supreme Court to do the right thing and uphold the capital gains tax.
