Episode description
November 1st 2021 is the planned start date of a new .58% tax on income earned in Washington state , designed to pay for long-term care costs not covered by Medicare or health insurance. Is this a reasonable measure to address a growing concern for society? Or a poorly planned government overreach?
In this episode of Open House, Eric and Reba get the low down from the director of the Washington Cares Fund, Benjamin Veghte Ph.D. Listen in for answers to questions like:
When will payouts begin? What are minimal qualifications for receiving benefits? Will Washington residents living in other states be eligible for payouts? Who is running the bureaucracy, and who are they accountable to?
Plus, a quick look at “boots” in the context of 1031 exchanges, and why does it currently make more sense to invest in property around the Puget Sound than property in Kansas?
It’s a lively look at a controversial policy, along with all the informative warmth and fun you’re accustomed to from your two favorite experts in real estate and financing on Open House with Team Reba.