WA’s new capital gains tax brings in far more than expected

Victor K • June 16, 2023

A magnifying glass is sitting on top of a map of the world.

Washington's new capital gain tax is predicted to generate about $849 million in the initial year after the passing of the law. This is more than the initial projection which effectively means that more funds can now be spent on public schools across the state. The new law passed in 2021 imposes a 7% tax on the sale or exchange of stocks, bonds, and select assets exceeding $250,000. Even with a lot of legal battles going around the new law, was finally upheld in the Supreme Court in March 2022.

The original calculations for 2022-23 were about $248 million. However, as of last month, the state has collected a total of $601 million which is almost twice what was projected. It is worth noting that this figure could still change as approximately 2,500 taxpayers who have filed for extensions submit their returns, according to the state Department of Revenue.

If the same trend continues for the last fiscal quarter of 2023, there will be more funds available for K-12 schools, early childhood education, and school construction and repair projects. The first $500 million collected after the new tax implementation have been set apart for the state's Education Legacy Trust Account, which is for public schools only. However, any surplus amount will be directed towards the state's construction budget, specifically for school construction projects said Senator Christine Rolfes. Therefore, if the projected $849 million figure holds, more schools could receive assistance for their construction needs.

However, sometimes predictions regarding capital gain can be completely wrong since it depends upon revenue generated by the stock market and investment returns. To prevent state programs from becoming reliant on this revenue source, lawmakers have decided to allocate the surplus above $500 million to one-time construction projects rather than ongoing program funding.

Although the $849 million figure easily exceeds the predictions for the 2022-23 fiscal year this is for the first year of tax. Subsequent years of taxation will see a change due to approval required through the legislative session to clear any funds collected through the said tax which are above the predicted figure.

However, Senator Mark Mullet, the senate leader on the construction budget emphasized the importance of giving priority to schools located in areas with lower property values. Such areas often encounter difficulties in garnering support for levies aimed at financing their educational infrastructure.

In conclusion, the new tax law performed greatly in its first year of inception surpassing the predicted figure. The extra amount collected will be used to uplift K-12 schools, early childhood education, and school construction projects. However, the unpredictability of capital gain tax coupled with legal modalities of over-the-predicted value profit might bring down the surplus amount in future years.

Furthermore, getting to know about tax law and construction codes might not be easy for someone who lacks prior knowledge. In this case, one can always take the expert opinion from one of the many professionals at United Seattle right away!

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How to Design a Calm, Wellness-Focused Bedroom at Home

By Victor K • July 16, 2026

Many commercial subcontractor Seattle will never tell you the true effect of a relaxing bedroom because they are focused on aesthetics more than comfort. However, when hiring a commercial construction subcontractor Seattle, the real purpose of a renovation should be comfort and multifunctionality. Experts at United Seattle believe in these facts and this is why they lay special emphasis on a bedroom design that focuses on calm and personal wellness. There are certain things that you can incorporate with your construction management subcontractor for your bedroom. Here are some techniques that Seattle homeowners can use to create a bedroom that promotes wellness every single day. Start with a Relaxing Color Palette Color plays a huge part in our everyday quality of life. Some commercial subcontractor Seattle go for bold colors that look good but do not have that soothing feel. As boring as it may sound, the vintage shades of white and beige are the easiest on the eyes in the bedroom. You can also choose colors that are inspired by the North West Pacific landscape. If you're repainting your bedroom , opt for low-VOC or zero-VOC paints. These products improve indoor air quality by releasing fewer harmful chemicals, making them an excellent choice for families focused on healthier living. Texture also plays its part by making the bedroom timeless as well as a relaxing space, which goes far beyond sleeping only. Prioritize Natural Light During the Day Although the Seattle climate is gloomy at times, but the natural sunlight it provides is ideal for any bedroom with curtains stowed away. This can only be enjoyed if the design has incorporated large windows and the sun's direction in consideration. Check out the space with your commercial subcontractor Seattle at different times of the day, seeing how the sunlight falls on the designated floor plan. Modern technology also provides exact sunlight direction, which can be used to lock the floor plan, making natural light your bedroom's friend rather than your foe.

What Homeowners Regret Skipping During a Primary Suite Remodel

By Victor K • July 7, 2026

What Homeowners Regret Skipping During a Primary Suite Remodel You can ask a core of commercial subcontractor Seattle and most of them will tell you that the most mistakes in home remodeling come in the primary suite. Once the drywall is up, there is no room for change, which makes the design in stone once it is drawn up on paper. Some of the best materials for winter renovations in the Pacific Northwest might not be enough to pull off an aesthetic design. Another problem that surfaces after a primary suite remodel is the phasing out of a specific design. Keeping the overall feel classy and timeless is something experts at United Seattle thrive on. As per the experts, we have chalked out some of the most rued-after mistakes during a primary suite remodel. Disregarding Seattle’s Climate The first mistake many commercial subcontractor Seattle make while planning with the homeowner is disregarding the harsh Seattle weather. Not only is this misstep towards the design but also towards material selection. This usually happens when design takes precedence over practicality and functionality. It's worth having an honest conversation with your commercial subcontractor Seattle or designer about how a given material performs specifically in a wet, low-light Pacific Northwest environment, not just how it photographs. Moisture & Ventilation Planning Seattle climate is more wet than it is dry. One might think that the innermost suite might not be affected by moisture and rain water. However, with bad insulation and vintage walls , water might seep in after the excessive rainy season that Seattle often gets. Skipping moisture control is one of the biggest regrets once you see the first water drop fall any time after the commercial project management Seattle is completed. Similarly, ventilation plays an important role in regulating the room temperature. If you miss out on these two, they become an expensive fix later.

Curb Appeal Improvements That Add Value Before a Bigger Remodel

By Victor K • June 29, 2026

Any building construction subcontractor Washington will tell you that a simple home typically sells for the average market price, but one with recent upgrades costs more than the median value in the specific neighborhood. This is coupled with the fact that Seattle receives more rain than most parts of North America, making home upgrades ever so important. Not only do these upgrades provide a better selling price but a higher living quality as well. It is often considered that remodels are supposed to be shiny and right out of a real estate magazine. However, many people forget the fact that people in Seattle look for functionality more than aesthetics. Saying that, aesthetics, especially for the exterior, do really matter as well. If your home stands out in the street, then the probability to sell for a higher price increase. This is why winter-proofing homes Seattle or energy-efficient winter upgrades Washington State should be looked as an investment rather than an expense. Not only does improving your curb appeal add financial value, but it also adds ease to future interior remodels as the exterior has been taken care of. Today, experts at United Seattle point out major exterior upgrades that increase the home value the most. Refresh Your Home with Exterior Paint One of the cheapest ways to change the home's outlook that people notice is refreshing the exterior paint to enhance curb appeal . It is one of the highest impact investments for any day and age, but especially moving forward in 2026. Some of the exterior trends intimated by many commercial subcontractor Seattle include:- Warm white Soft Greige Sage green Charcoal These colors fit perfectly with brick, stone and traditional siding material commonly seen in many Seattle neighborhoods by creating an aesthetically pleasing outlook, along with helping in the longevity of the home exterior. Upgrade Your Front Entry The first thing guests or potential buyers notice is the place of entrance. Investing in the entrance as a whole, therefore, becomes an intelligent investment. Replacing old and outdated colors is the cheapest way to refresh the entrance. However, some of the ways worth investing in for front entry aesthetic appeal include:- Modern and Bold house numbers layered lighting focusing on the door modern mailbox plants shiny new door hardware Therefore, always let your commercial subcontractor Seattle know that the entrance is important as it increases home value like no other investment. Moreover, regular maintenance of the front entry also ensures longevity of the additions save you money over time.

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