Implementing a tax on capital gains, such as the one proposed in House Bill 2563, would be a bold way to promote job creation, long-term economic growth, and a prosperous future for all Washingtonians. Below is a ‘top ten’ list of graphs and tables highlighting why a tax on capital gains is a smart and effective way for Washington to strengthen its vital public health and education systems. (Click on graphs to enlarge.)
House Bill 2563 will be heard in the House Ways & Means committee this morning.
Drum roll please…
1.
See: “Capital Gains Still More Concentrated Among Wealthiest Few”
2.
See: “Capital Gains: A Rapidly Growing, Yet Untapped Resource”
3.
See: “Elite Investment Clubs Account for Largest Share of Capital Gains”
4.
See: “A Capital Reform”
5.
See: “Accelerate Washington’s Economy, Tax Capital Gains”
6.
7.
See: “A Capital Reform”
8.
See: “A Capital Reform”
9.
See: “Capital Gains Becoming Even More Concentrated Among Richest Few”
10.
See: “Taxing Capital Gains at Ordinary Rates” By Jared Bernstein
Bonus graph!
See: “Capital Gains Tax + Rainy Day Fund = Greater Economic Stability”
