10 States With the Lowest to Highest Capital Gains Tax Rate

In this article, we will take a look at 10 states with the lowest to highest capital gains tax rates. If you want o read our detailed analysis of capital gains taxes and the overall tax structure of different states, go directly to read States With the Lowest to Highest Capital Gains Tax Rate. 

10. Washington:

Capital Gains Tax as of 2023: 7.00%

Washington imposed a state-level capital gains tax on January 1, 2022, at 7% on income above $250,000 annually. However, the supreme court recently ruled that the state’s capital gains tax is constitutional. The ruling also states that the tax on capital gains is an excise tax. The first tax payments were made on April 18 and according to The Department of Revenue’s data of April 20, the tax has generated over $838 million in revenues in just two days. This has beat the department’s projections of revenues of $500 million by a wide range.