Capital gains tax: Individuals, not businesses

Re: “WA’s capital gains tax will have unintended consequences” [April 11, Opinion]:

Does Victor Menaldo count on us to consider that the proprietor of our neighborhood restaurant has exactly $1 million of “shares or bitcoin” and nary 7% extra? I discover it very arduous to consider that the beloved house owners of my cherished native institutions are squatting on hundreds of thousands (and even exactly one single million) of {dollars} and fretting about whether or not cashing that certain quantity out to enhance their enterprise goes to place them into the state tax poor home.

This tax is about excessive internet price people, not companies, and suggesting that our neighbors and pals who’re struggling to function small companies are going to finish up scaling again their enterprise plans as a result of their bitcoin billions are being taxed is extremely out of contact.

Kolbe Kegel, Seattle