The Poor Rich

On January 1, 2022 Washington’s capital gains tax became law. It taxed capital gains of individuals at 7%. Not all capital gains, just those over $250,000.  There are 7,710,000 million people living in Washington. About 3700 Washington  state residents paid this tax. Most of us don’t have capital gains and only 3,700 have more than… Continue reading The Poor Rich

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Categorized as Taxes, Voting

Coming Soon

We have about 134 billionaires and 111,000 millionaires in the US. Stats are hard to find and decipher so, take these figures as estimates. In the last year the top 400 richest people in the US increased their net worth 40% to 4.7 trillion dollars. The average net worth of this 400 is 10 billion.… Continue reading Coming Soon

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Categorized as Taxes

Paying Taxes

Yes, this is a Tesla roadster, and it will set you back 200 to 250 thousand dollars. I can’t afford one and most people that look at this post can’t either. Who can afford one, a millionaire? If you earned enough to have a million dollars in taxable income, you would pay $370,000 in taxes.… Continue reading Paying Taxes

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Categorized as Taxes

Is It Fair

This is a painting by Ann. It’s calming and memorable, which I need when I’m dealing with taxes. I have two questions about taxation. Are the taxes enough to pay the bills and is everyone taxed fairly? The answer to both questions is NO. Evey year our US government collects less than in needs to… Continue reading Is It Fair

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Categorized as Taxes

It’s Your Money

It’s About Money This is a picture of what drives politics. Money. This is what drives our government, and the people we elect to run it. On every level, town, city, county, state and federal, it’s all about money. How much do we get and how do we spend it are the questions at every… Continue reading It’s Your Money

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Categorized as Taxes