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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. The JumpStart funds aren’t earmarked for particular programs but the General Fund pays for a variety of city services. . On top of that, the city released estimates in November that predict a net decreases of $64 million in the Real Estate Excise Tax, $9.4

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Seattle councilmember targets ‘top 1%’ with capital gains tax proposal mimicking new state law

GeekWire

Similar to the state capital gains tax, the proposed Seattle version would apply to gains of more than $250,000 on the sale of stocks or bonds and would exempt retirement funds and real estate transactions. The revenue will go toward school construction and other education programs.

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Washington state’s capital gains tax stands as U.S. Supreme Court declines to hear appeal of law

GeekWire

The first $500 million collected goes toward education and child care programs, while the remainder is designated for school construction projects. The law imposes a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions.

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The jobs Americans want

Vox

real estate agent. Personal trainer, physical therapist, psychiatrist, and real estate agent (though previously people were more likely to search “realtor”) were on the list before the pandemic and last year, but their continued presence after so much transition suggests they have staying power. flight attendant.

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Seattle evaluating its own capital gains tax following new state law

GeekWire

” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. The state law imposes a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions.

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Washington Supreme Court case for controversial capital gains tax begins this week

GeekWire

The law imposed a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions. If you own property and sell it, you’re subject to a real estate excise tax,” he said.

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Seattle mayor praises Amazon’s back-to-office policy in ‘State of the City’ address

GeekWire

” The adoption of hybrid work policies at tech companies has hit the commercial real estate market hard. Harrell has previously championed such things as gunshot detection technology, which was cut from the City budget in November. We need to recognize that downtown’s office space may never fill up as before.

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