Economics Magazine

Washington State Democratic Governor Signs Retroactive Death Tax Increase

Posted on the 14 June 2013 by Susanduclos @SusanDuclos
By Susan Duclos
Washington State Democratic Governor Signs Retroactive Death Tax Increase Bad enough Democrats are constantly trying to raise taxes or come up with new taxes but now Washington State Democrats have passed a "retroactive" death tax upon their constituents, in the dead of night,  and Democratic Washington Governor Jay Inslee, signed this retroactive death tax in order to prevent the Department of Revenue from issuing court ordered refunds.
Via The Washington Policy Center:
Beating a Friday morning deadline to keep the Department of Revenue from issuing court ordered refunds, the Legislature yesterday approved HB 2075 - a retroactive change to the state's death tax. The new law undoes a unanimous State Supreme Court ruling which required death tax refunds to certain estates.
The House approved HB 2075 early Thursday with the Senate voting late last night and the Governor immediately signing the bill into law utilizing an emergency clause.
Though responding prospectively to the Court ruling was never in doubt, it is a bit shocking to see the Legislature make retroactive changes to the state's tax law.
Republican Washington Representative Matt Shea issues a statement explaining what this new Democratic law does:
Imagine if you will that the government decides to add a new tax on you today. Let’s say it’s a “wake-up” tax. Every day since 1983 when you wake up after a night’s sleep, you owe this tax. It didn’t exist back then, but the government says you owe it now and you must pay it. How unfair is that?
Retroactively collecting a tax that didn’t exist 30 years ago is not only unfair, it’s unconstitutional.
Fortunately, there is no such thing as a retroactive wake-up tax. However, the state House of Representatives approved a bill today that would impose a retroactive death tax going back to the 1980s. House Bill 2075 would allow the state to retroactively collect the death tax from the estates of married couples who used a certain type of trust (known as a “qualified terminable interest property” or QTIP trust) to transfer assets from one spouse to the surviving spouse without paying the state estate tax. This measure would allow the state to reach back some 30 years to collect on a tax that didn’t exist in the 1980s.

Congratulations Washington residents, you got exactly what you voted for..... happy?


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
    LIFESTYLE
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
    FOOD & DRINK, RECIPES
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
    DIARIES, SELF EXPRESSION
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener
    GARDENING, HOME