The total revenue generated from the capital gains tax in the 2023 tax year is down 47% over the previous year. In Benton County, the decline in tax payments was even steeper.
Raising taxes now would only make it more difficult for businesses to compete with other states and regions, and more difficult for many of the state’s smallest businesses to survive.
The new law eliminates the windfall elimination provision and government pension offset that for decades had reduced the amount some Americans receive in Social Security benefits.
The country faces a shortage of accountants as current accounting professionals leave and fewer students enter accounting majors. Here's how Tri-City colleges are working to bolster the pipeline.