Tax Update – What to Expect in 2021Issue brief
State Budgets Taxes & Fees
Are Washingtonians taxed enough? Or are the right Washingtonians taxed the right amount? These questions drive the tax policy debate in Olympia and stem from two distinct views on “tax fairness.” To many Republicans, the purpose of taxation is to collect the least amount necessary to fund vital government services, and taxes should be designed to be broad-based, low-rate, stable, and efficient to collect. To these Republicans, “tax fairness” means everyone is helping to contribute and no one is carrying all the weight.
B&O taxes Business and occupation tax Excise taxes Gas tax General fund Operating budget Property taxes Real estate taxes Sales and use taxes Tax fairness