Other pages about the topic: Budget
Web pages related to enterprise IT systems have moved from the WaTech website to the OFM website:
These web pages include instructions, reference materials, links to training and other information related to systems that are used by multiple state agencies. These include accounting systems, budget and legislative systems, reporting systems and the Employee Self-Service (ESS) system for earnings statements and leave requests.
What am I looking at and what can I do with this?
This is an interactive way to look at Gov. Inslee’s proposed 2019–21 state operating budget. It enables you to quickly drill down into all areas of the budget to find descriptions of every change proposed in the governor’s budget.
Governor Inslee is proposing a capital gains tax on the sale of stocks, bonds and other assets to increase the share of state taxes paid by Washington’s wealthiest taxpayers. The state would apply a 9 percent tax to capital gains earnings above $25,000 for individuals and $50,000 for joint filers.
This proposal would tax individuals for the sale or exchange of capital assets they have held for more than one year, unless an exemption applies. Capital assets are personal property you own for investment or personal reasons and do not usually sell in the course of business.
The tax would equal 9 percent of your Washington capital gains.
You would be required to pay capital gains tax if your taxable capital gains exceed:
This represents the account balances included in the Governor’s proposed transportation budget