Why Washington State can’t claim Capital Gains Tax is an Excise Tax
December 30, 2021
By Jared Walczak
This is reprinted with permission from Tax Foundation’s website, confirmed for publication in the East Washingtonian on December 20, 2021.
When is an income tax an excise tax? And for that matter, what exactly is an excise tax? The fate of Washington’s capital gains tax, currently in litigation, rests at least in part on the answer to these questions.