[WSBAPT] Capital gains tax upheld

[Joshua McKarcher]

Enjoy this gem. So far, this is my "favorite" sentence:

"The capital gains tax is appropriately characterized as an excise because it is levied on the sale or exchange of capital assets, not on capital assets or gains themselves."

Tax = [y%] x [Gross gain - $250,000]

I will not go on. Best, Josh

Joshua D. McKarcher
McKarcher Law PLLC
537 6th Street
Clarkston, WA 99403
(509) 758-3345
(509) 758-3314 (fax)
josh at mckarcherlaw.com<mailto:josh at mckarcherlaw.com>
www.mckarcherlaw.com<http://www.mckarcherlaw.com/>



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