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WalterBright 8 hours ago

I personally know several people who left Washington state because of the recently enacted capital gains tax.

The tax was targeted at Jeff Bezos, but he decamped to Florida just before it went into effect.

cloverich 7 hours ago | parent | next [-]

It's an interesting one because its relatively mild; we decamped _to_ Washington from Oregon (very partially) because the tax was so much more favorable in Washington.

(Washington tax here is cap gains at 7% which doesn't kick in until capital gains > 250k)

WalterBright 5 hours ago | parent [-]

It was just raised to 9.9%. And the estate tax was just raised to 35%.

Adding in the 40% federal estate tax, and it's 75%.

seizethecheese 8 hours ago | parent | prev [-]

Bezos famously says that when the anecdotes conflict with the data, trust the anecdotes