Capital gains tax could help to solve state budget problems
The state of Washington could benefit on several fronts from a tax on capital gains.
The tax already in place in 42 states would bring some stability and equity to the current tax system, which has the 20 percent of families with the lowest income paying 17 percent of what they earn on taxes.
By comparison, the 3 percent of families with the highest income pay only 1 percent of their earnings to taxes.