Let’s do our part and make things right | Letter to the editor

To the editor:

Lawmakers in Olympia plan to balance the tax system in Washington state. The effect will be to increase my taxes and those of a small number of other taxpayers. I think it’s the right thing to do.

A Senate proposal taxes capital gains above $250,000 and creates a Working Families Tax Credit to help low-income families. It exempts retirement accounts and the sale of homes and small businesses, so only about 0.2 percent of the state’s wealthiest households would pay.

The problem Olympia wants to solve? Washington’s unbalanced tax code. I pay a six times smaller share of my income in taxes than our lowest-income families. Washington is one of the few states without a tax on stocks, bonds and other assets, and implementing one for high earners helps square what I’m asked to contribute with that of low- and middle-income residents.

Our region needs investment to keep it one of the great places to live. My family and I would benefit from a flourishing state-wide education system that makes Washington a center of innovation, adequate health care, and day-to-day infrastructure like a strong ferry service. I want to live in a community in which everyone thrives, not just the affluent, and we should adjust our revenue and spending system to get there.

A capital gains tax in Washington would be paid by a very small group of people, and, importantly, by those with the most ability to pay.

As one of the few who would pay, I believe it’s time for us all to do our part. Let’s make things right.

TODD VOGEL

Bainbridge Island

More in Letters to the Editor

Federal tax credit is needed for renters | Letter to the editor

To the editor: I appreciated the letter from Sharon Gilpin “Housing crisis… Continue reading

Dam removal helps our salmon and orcas | Letter to the editor

To the editor: The orca population here is dying. The southern resident… Continue reading

It’s not rude to speak out against idling cars | Letter to the editor

To the editor: A couple of weeks ago, I wrote the editor… Continue reading

Change not needed in city council position | Letter to the editor

To the editor: As we draw close to the election for city… Continue reading

Make a commitment to share our island | Letter to the editor

To the editor: Living on an island, physical boundaries can make close… Continue reading

It’s business as usual at Bargain Boutique | Letter to the editor

To the editor: Greetings from the island’s Bargain Boutique! Many of you… Continue reading

Practical solution for reducing our footprint | Letter to the editor

To the editor: In recent comments about increased carbon dioxide in the… Continue reading

Write, lobby, or call; help make the change | Letter to the editor

To the editor: Bobbie Moran is so right: “Let’s all work, young… Continue reading

Housing crisis calls out for different solutions | Letter to the editor

To the editor: The Housing Kitsap financial picture is a sad one… Continue reading

Please mind your manners and MYOB | Letter to the editor

To the editor: The other day I was waiting in the ferry… Continue reading

Affordable housing must be preserved | Letter to the editor

To the editor: For anyone who has consumed any news in recent… Continue reading

Memorial Day is a time for gratitude | Letter to the editor

To the editor: I appreciate the cartoon commemorating our comrades who fell… Continue reading